Bill
LB 157
Bill 4 SummaryBill Number: LB 157Title: Adopt the Child Tax Credit ActStatus: Notice of hearing for March 19, 2025Introduced: January 13, 2025Classification: billKey Points:- Creat
Bill Number: LB 157
Title: Adopt the Child Tax Credit Act
Status: Notice of hearing for March 19, 2025
Introduced: January 13, 2025
Classification: bill
Key Points:
- Creates a refundable state child tax credit of up to $1,000 per qualifying child age 6 or younger
- Provides the full credit for families with incomes up to $75,000 (single), $92,500 (head of household), or $110,000 (married filing jointly)
- Phases out the credit at a rate of 5% for every $1,000/$1,500/$2,000 above the income limits
Compiled from official sources — confirm details with the bill’s official record.
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