LINCOLN- On Wednesday, a handful of supporters testified on LB294, introduced by Sen. Danielle Conrad, which would give families a $1,000 tax credit per child. Conrad said she introduced the bill after meeting several struggling families on the campaign trail last year, and discovered that a handful of other states have implemented similar child tax credits.

Conrad also found evidence that suggested that credits like these have proven helpful in lifting children out of poverty and helping families thrive. Research from the U.S. Census Bureau also showed that, in 2021, federal child tax credits cut child poverty rates by 46% nationally. "That policy choice was able to make a really positive difference for families," said Conrad, "I'm not sure we'll find a better bang for our buck when it comes to supporting families."

Specifically, LB294 would provide refundable tax credits of $1,000 per child for families with incomes up to $110,000 for married couples, or $92,500 for the head of household. The credits would not apply to families with higher incomes, and would only be provided to families with children under the age of 18.

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