LINCOLN- On a 41-1 vote, lawmakers advanced a bill that seeks to lower corporate income tax rates and gives credit to families grieving a stillborn child and allows 529 college savings plan funds to be used for apprenticeship programs.

A controversial aspect of LB432 was removed which would have granted a 100% tax exemption to multinational corporations on income they transfer to off-shore tax shelters and would have reversed an effort by President Trump to make companies pay taxes on income they earned in the U.S. Nebraska was the only state that is taxing 100% of newly taxed income (GILTI tax). Another move that helped the bill pass was that Sen. Stinner promised to amend the cut in corporate tax so that it happens in small steps over several years.

The measure received 30 votes of support on Tuesday, 7 more than the idea on Monday night.

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