NICB LEGISLATIVE UPDATE From Zulkoski Weber It has been a productive year of work with the Nebraska Legislature for the Nebraska Independent Community Bankers. Once-in-a-generation legislation was passed to lower corporate and personal income taxes and allocate federal stimulus funding for housing, childcare, and community development. For all the progress made, this session should also be noted for the harmful legislation that did not pass – a bill to change bank franchise taxes and a constitutional amendment to move Nebraska to a consumption tax system. This session was also marked by the addition of one of NICB’s own members to the Legislature with the appointment of Senator Mike Jacobson. During the general election on November 8, Nebraskans will elect a new governor and at least sixteen new senators for the 2023 session. The work will be ongoing to build new community bank champions and educate policymakers. During the general election on November 8, Nebraskans will elect a new governor and at least sixteen new senators for the 2023 session. The work will be ongoing to build new community bank champions and educate policymakers. NEBRASKA INDEPENDENT BANKER 10
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