Nebraska Statutes 77-2715.02. Rate schedules;established; other taxes; tax rate
(1) The following rate schedules are hereby established for the Nebraska individual income tax and shall be in the following form:
Terms Used In Nebraska Statutes 77-2715.02
- Taxable income: means federal taxable income as adjusted and, if appropriate, as apportioned. See Nebraska Statutes 77-2734.04
- Use: means the exercise of any right or power over property incident to the ownership or possession of that property, except that use does not include the sale of that property in the regular course of business or the exercise of any right or power over property which will enter into or become an ingredient or component part of property manufactured, processed, or fabricated for ultimate sale at retail. See Nebraska Statutes 77-2701.42
(a) For taxable years beginning or deemed to begin before January 1, 2007, income amounts for columns A and E shall be:
(i) $0, $2,400, $17,500, and $27,000, for single returns;
(ii) $0, $4,000, $31,000, and $50,000, for married filing joint returns;
(iii) $0, $3,800, $25,000, and $35,000, for head-of-household returns;
(iv) $0, $2,000, $15,500, and $25,000, for married filing separate returns; and
(v) $0, $500, $4,700, and $15,150, for estates and trusts;
(b) For taxable years beginning or deemed to begin on or after January 1, 2007, and before January 1, 2013, income amounts for columns A and E shall be:
(i) $0, $2,400, $17,500, and $27,000, for single returns;
(ii) $0, $4,800, $35,000, and $54,000, for married filing joint returns;
(iii) $0, $4,500, $28,000, and $40,000, for head-of-household returns;
(iv) $0, $2,400, $17,500, and $27,000, for married filing separate returns; and
(v) $0, $500, $4,700, and $15,150, for estates and trusts;
(c) The amount in column C shall be the total amount of the tax imposed on income less than the amount in column A;
(d) The amount in column D shall be the rate on the income in excess of the amount in column E;
(e) For taxable years beginning or deemed to begin before January 1, 2003, under the Internal Revenue Code of 1986, as amended, the primary rate set by the Legislature shall be multiplied by the following factors to compute the tax rates for column D. The factors for the brackets, from lowest to highest bracket, shall be .6784, .9432, 1.3541, and 1.8054;
(f) For taxable years beginning or deemed to begin on or after January 1, 2003, and before January 1, 2013, under the Internal Revenue Code of 1986, as amended, the primary rate set by the Legislature shall be multiplied by the following factors to compute the tax rates for column D. The factors for the brackets, from lowest to highest bracket, shall be .6932, .9646, 1.3846, and 1.848;
(g) The amounts for column C shall be rounded to the nearest dollar, and the amounts in column D shall be rounded to hundredths of one percent; and
(h) One rate schedule shall be established for each federal filing status.
(2) The tax rate schedules shall use the format set forth in this subsection.
| A | B | C | D | E |
| Taxable income | but not | pay | plus | of the |
| over | over | amount over |