What is Nebraska's law on corporate income tax?

Phasing to a flat 3.99% by 2027. Single-sales-factor apportionment. (Neb. Rev. Stat. § 77-2734.02)

Nebraska law

Tax Laws in Nebraska.

Nebraska imposes a graduated individual income tax. 2024 reform (LB 754) is phasing the top rate down to a flat 3.99% by 2027. Sales tax is 5.5% state plus local sales taxes (combined rates up to 8%). Corporate income tax is being reduced to a flat 3.99% by 2027. Property taxes are administered locally but are relatively high by national standards — the state has enacted various property-tax relief programs. Nebraska has an inheritance tax but no estate tax.

Last verified: 2026-04-17

State law

Key Nebraska Statutes

Nebraska Individual Income TaxNeb. Rev. Stat. § 77-2715

Graduated rates phasing to a flat 3.99% by 2027 under LB 754 (2023). Nebraska partially conforms to the federal IRC.

Sales and Use TaxNeb. Rev. Stat. § 77-2703

5.5% state sales tax. Local jurisdictions may levy additional sales taxes (up to 2.5%), producing combined rates to approximately 8%.

Corporate Income TaxNeb. Rev. Stat. § 77-2734.02

Phasing to a flat 3.99% by 2027. Single-sales-factor apportionment.

Property TaxNeb. Rev. Stat. Chapter 77

Residential property assessed at 100% of actual value. High property taxes by national comparison; various state property-tax relief programs (homestead exemption for elderly and disabled, property tax credit, LB 34 (2024) reforms).

Inheritance TaxNeb. Rev. Stat. § 77-2001 et seq.

Rates: immediate relatives 1% ($100K exemption); remote relatives 11% ($40K exemption); non-relatives 15% ($25K exemption). Spouse fully exempt.

State law

Official Sources

Nebraska Department of Revenue IRS

Not Legal Advice

This page summarizes publicly available statutes and rules for informational purposes only. It does not constitute legal advice, and no attorney-client relationship is created by viewing this content. Laws change — always verify with the primary source or consult a licensed attorney in Nebraska.

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Tax Laws in Nebraska.

Key Nebraska Statutes

Official Sources

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