This legislative bill amends several sections of the Nebraska Revenue Act to enhance tax collection processes and introduce new tax credits. Key provisions include the specification that model 1 sellers utilizing certified service providers under the streamlined sales and use tax agreement will not receive collection fees. Additionally, retailers using multivendor marketplace platforms are relieved from collecting sales taxes for transactions already handled by the platform. The bill also outlines procedures for filing refund claims related to overpayments of sales or use tax, emphasizing the Tax Commissioner's authority to enforce compliance and conduct audits.

Moreover, the bill introduces new refundable tax credits for qualified resident individuals, particularly under the Child Care Tax Credit Act, and establishes nonrefundable tax credits for food donations made by grocery stores, restaurants, and agricultural producers. The childcare credit varies based on household income, providing up to $2,000 per child for lower-income families, while the food donation credit is capped at $2,500 per donor. The bill also includes provisions for the Department of Revenue to manage the allocation of these credits, ensuring an orderly process, and sets an annual limit for the total credits issued. Overall, the bill aims to streamline tax administration and support families and charitable food efforts in Nebraska.

Statutes affected:
Introduced: 77-2708, 77-2711, 77-2712.03, 77-2715.07, 77-7012, 77-7203
Final Reading: 77-2708, 77-2711, 77-2712.03, 77-2715.07, 77-7012, 77-7203
Slip Law: 77-2708, 77-2711, 77-2712.03, 77-2715.07, 77-7012, 77-7203