Nebraska broadly exempts manufacturing inputs used by ethyl alcohol producers from the sales and use tax effective Oct. 1, 2021.
Trio of tax bills impact individual and business filers with significant corporate income tax changes scheduled for 2022.
Nebraska enacts corporate income tax rate reductions over the next two years while promising more reductions in subsequent measures.
Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.
States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.