‘One Big Beautiful Bill’ Projected to Cost Nebraska over $216 Million in Tax Revenue

Nebraska Department of Revenue estimates 'One Big Beautiful Bill' could cost the state over $400 million

The "One Big Beautiful Bill" was signed into law on July 4, and the department's report details "the changes to the IRC and the impact of the changes on state income tax revenues and various classes and types of taxpayers."

Report: ‘Big Beautiful Bill’ could cost Nebraska $406.5 million in tax revenue

The state Department of Revenue issued a report Tuesday that indicates President Trump’s “One Big Beautiful Bill Act” will have a negative impact on Nebraska income for years to come.

‘One Big Beautiful Bill’ projected to cost Nebraska over $216 million in tax revenue

LINCOLN — A report from Nebraska’s Department of Revenue projects that the federal budget reconciliation bill will cost state government more than $216 million over the next two years. The department released the analysis as part of a state law…

Trump bill will cut Nebraska's tax revenue by $406M through 2029, state report says

Nebraska is one of 36 states where tax codes automatically conform with federal changes, meaning the federal cuts in Trump's "One Big, Beautiful Bill" will apply at the state level.

Nebraska braces for $400M shortfall from Trump's 'Big Beautiful Bill'

President Donald Trump's domestic policy bill will slash Nebraska's income tax revenues by $406 million over the next four years, with corporations saving the most under the cuts.

Will the bottom 20% of American income earners pay more in taxes under Trump’s big bill?

Americans earning less than $18,000 are estimated to see a slight federal tax cut under President Trump’s big bill, but the bill's net effect is likely to lead to a loss in household resources.