The 2022 Legislature Favored the Big Stuff

A major tax cut package that could cost the state as much as one-fifth of its budget in the outyears worked its way through the 2022 legislative session as lawmakers focused on the big issues in waning days. The measure (LB873) is supposed to ratchet down the state’s top corporate and individual income tax rates over five years, expand income tax credits offered to property taxpayers and phase…