United States

Nebraska: Conformity Legislation Enacted

Apr 23, 2018
From KPMG TaxWatch

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On April 11, 2018, Nebraska’s conformity to the Internal Revenue Code was updated to the Internal Revenue Code of 1986 as it existed on the date of enactment of the state conformity bill (April 11, 2018) and except as otherwise provided under Nebraska law. Unlike certain other states, Nebraska’s conformity bill (LB 1091) does not address any aspect of federal tax reform. Please stay tuned to TWIST for more conformity updates.

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The following information is not intended to be "written advice concerning one or more federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.