This legislative bill amends various sections of the Nebraska Revenue Act to enhance the administration of sales and use taxes, introduce new tax credits, and clarify the confidentiality of taxpayer information. Key provisions include the stipulation that model 1 sellers utilizing certified service providers under the streamlined sales and use tax agreement will not receive collection fees. The bill also outlines the responsibilities of retailers using multivendor marketplace platforms regarding sales tax collection and remittance, while detailing the procedures for claiming refunds for overpaid taxes, including specific timeframes and conditions for interest payments. Additionally, it grants the Tax Commissioner authority to enforce compliance and allows for the disclosure of taxpayer information under certain circumstances, such as inspections related to fraudulent activities.

Furthermore, 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. It sets annual limits on the total amount of credits available, ensuring that once the cap is reached, credits will be prorated among requests. The bill also includes technical adjustments to streamline tax administration, such as maintaining databases for local jurisdiction boundary changes and tax rates, while emphasizing the protection of personally identifiable information. Overall, the bill aims to simplify tax processes and enhance support for families and food donation initiatives 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