Nebraska State Tax Updates

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For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. Nebraska Update on Extension of Filing Deadline.

Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options

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Meanwhile, Nebraska Sen. Mike Flood introduced two bill drafts to allow Nebraska’s banks to provide digital asset custodial services, Cointelegraph reported.

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This Time, We Want You To Drink The Kool-Aid

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It’s even flavored in much the same way as it was when Edwin Perkins first set up shop in Hastings, Nebraska in 1927. “We We imagine, though we can’t be certain, that the good people of Hastings, Nebraska, and most of Kraft’s executive team deeply wishes Jim Jones had been more of a Tang fan. Apart from being rolled onto the market in Nebraska in 1927, we have a few other fun facts about the fruity, sweet beverage. Kool-Aid kind of gets a bum rap.

Sales and Use Tax Updates from March

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Nebraska has released guidance on the handlings of use tax in the state regarding remitting use tax, exemptions, interest and penalties. Use tax remittances are paid by the purchaser to Nebraska using one of two returns.

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Vendor concessions/discounts can help pay to outsource sales tax obligations

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Nebraska’s discount is 2.5% Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. If only somebody could help you with the costs of managing it. Somebody can: the states and tax jurisdictions themselves. Some states give?a?collection

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Are Digital Ad Taxes Spreading?

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Montana and West Virginia are considering one ; Nebraska lawmakers shelved such a proposal last year. Companies that sell digital products in the U.S. should know about a relatively new kind of ta x – and tax obligation.

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Second Google Lawsuit May Be Filed Next Month By State AGs

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The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

Online Ads: Who Taxes Them and Who Doesn't?

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Nebraska has tabled the idea for now while Montana has killed theirs. One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising.

Excise Tax versus Sales Tax

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The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona. Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax? A different kind of tax pie.

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Understanding the Taxability of Your Products and/or Tech Services

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Nebraska taxes sales of “content cards” or “digital release cards” that allow purchasers to download specific digital goods if the product is taxable in other circumstances.

Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

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This is the third time the state has pushed for faster tax remittance since 2015, reports added, and similar proposals have been seen in Connecticut, Nebraska, New York and Puerto Rico.

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Do you really understand economic nexus for sales tax?

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Though some states are repealing sales taxes on a few services, other states – notably Indiana, Nebraska, Connecticut and perhaps West Virginia – look to expand sales tax by taxing what has historically been an untaxed source of income.

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US Voters Approve Sports Betting, Casino Gaming Expansions In 6 States

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The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. One big winner of Tuesday's elections was the U.S.

What's new in May for state sales and use taxes

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Nebraska has enacted a bill that will exempt sales tax on certain purchases made by large data centers. What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

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A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

First Citizens, CIT Group Merger Will Create $100B Bank

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Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina. An approximate $2.2 billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S.

Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

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Google is also being investigated by attorneys general from several states, including California, Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

PayPal Provides $5M In Grants To Support Minority Businesses

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PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S. recovering from the economic impact of COVID-19 pandemic, the company announced Friday (Sept.

Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States

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Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

Texas AG Paxton: More States Could File Antitrust Lawsuits Against Google 

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A bipartisan group of states — Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah — is planning to file an antitrust lawsuit against Google sometime in this month.

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Primaries Hit Weakest Store Front Performance States

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From rough sledding in Nebraska to West Virginia, where conditions are best described as dismal, the voters voting today are hoping for a turnaround soon. Nebraska. The only metric that Nebraska bested its regional benchmarks on happened to be real wages and that by only 10 basis points. The overall number, for Nebraska, showed growth of 2.3 The primary — at least, on the Republican side — is basically over but for the final counting and the balloon drop.

A List of the 10 Worst Property Taxes By States

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Nebraska. We tried to find some fun facts about Nebraska, but we’ve got nothing other than the fact that Kool-Aid was invented there if you’re old enough to remember those days. Nebraska’s property tax rates are even higher than New York’s, coming in at 1.73%.

NYC Quarantine Violators Could Face Fines Of Up To $10K

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The rules require anyone traveling from Alaska, Indiana, Delaware, Maryland, Missouri, Montana, North Dakota, Nebraska, Virginia and Washington to quarantine for 14 days before being allowed to travel freely in those states. .

US AGs Prepare Probes Into Big Tech

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Many AGs are meeting with FTC officials at a workshop in in Omaha, Nebraska, where they will reportedly speak on the issues. Landry will appear on a panel, and so will Tennessee Attorney General Herbert Slatery III and Nebraska Attorney General Doug Peterson. The Wall Street Journal is reporting that state attorneys general are preparing to launch their own investigations into big tech companies like Facebook and Apple.

DC Bar: Lawyers Allowed To Take Digital Currency As Payment

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This decision comes on the heels of other bars, including New York City, Nebraska and North Carolina, also deciding recently to allow virtual currency as payment, according to Bloomberg Law. Washington D.C.

State AGs To Press Own Case Against Google

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The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

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SBA Emergency Loan Program Bombarded With Over 3 Million Applications

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A hair salon owner with locations in Iowa and Nebraska said he hadn’t received any funds after weeks of waiting. After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low on funds.

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Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks

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As the coronavirus spreads throughout the United States, Treasury Secretary Steve Mnuchin told “ Face the Nation ” Sunday (March 29) that Americans should be receiving $1,200 stimulus money within the next three weeks.

Payments Firm i2c Opens Op Center In Omaha

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Smart payments and integrated commerce firm i2c said Tuesday that it is opening an operations center in Omaha, Nebraska. That center will be operational during the second quarter of this year. The Omaha location will be used, the company said in a release Tuesday , to expand the account management, operations and client services divisions, and will also be the setting of a network operations center.

Federal Paid FMLA May Be Out While States Consider Possibilities

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Nebraska. The program would be funded through private donations, funds transferred from the Nebraska Health Care Cash Fund, and contributions by covered employers at a rate of 1% of gross wages paid.

Chase Plans Expansion In Top US Markets In 2019

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Chase said it will also open branches in locations close to major universities in Auburn, Alabama and Lincoln, Nebraska. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston. Chase plans to open 90 new branches and hire 700 employees by the end of 2018.

Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

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In addition to New York, the program is now available for SNAP recipients in Alabama, Arizona, California, Florida, Iowa, Kentucky, Nebraska, New York, Oregon and Washington. Fiserv Inc.,

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

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In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less.

OpenTable Data Shows Consumers Are Starting To Eat Out Again

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Others, like Arizona, Alabama and Nebraska, which have begun reopening in a controlled capacity, haven’t seen as steep a decline, OpenTable reported. The national decline in restaurant bookings is starting to ease up, according to new data from OpenTable as reported by CNBC.

Cyber Attack Hits US Health Department As It Tries To Fight Coronavirus

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Senator Ben Sasse of Nebraska predicted that such attacks may happen again amid the frenzy and chaos of the coronavirus, which has upended American life, thrown the economy into jeopardy and done a number on the stock market as everyone scrambles to contain the spread.

Some State AGs Could Launch Joint Inquiries Into Tech Companies

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Attorney General Jeff Sessions, reported Republican AG Doug Peterson of Nebraska said officials are looking at launching a multistate inquiry into the leading tech companies with an eye toward protecting consumer privacy and looking into antitrust concerns. Some state attorneys general are worried about the dominance of the big tech leaders and could launch joint inquiries into the likes of Google and Facebook. The Wall Street Journal, citing U.S. AGs that attended a meeting hosted by U.S.

Warren Buffett, American Express Reaping Platinum Card Rewards

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At the end of the day, we feel good about our performance because we have a very diversified business platform,” Chenault told FOX Business ’ Liz Claman at the annual Berkshire Hathaway shareholder meeting in Omaha, Nebraska, which was also attended by Warren Buffett, American Express’s largest shareholder.

More States Join AG Facebook Investigation Led By NY 

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The probe of Facebook, announced in September, is led by New York and includes Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia. The Facebook probe announced by attorneys general in September now has 40 states signed on to investigate allegations of the social media giant’s anti-competitive practices, The Washington Post reported on Monday (Oct. Sources told Reuters that several state attorneys general met with U.S.

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Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case Against Google

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The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. In today’s top news, Americans are struggling as savings accounts run dry, and several states are preparing their own antitrust probe into Google.

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First National Bank Of Omaha Shutters NRA Visa Card

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First National Bank has offices in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas. First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. The move comes after the shooting at a high school in Parkland, Florida that left 17 people dead. The NRA has come under intense criticism for its opposition to stricter gun laws.

Berkshire Spends $4B For Stake In JPMorgan Chase

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Berkshire Hathaway , the Omaha, Nebraska conglomerate owned by Warren Buffett, spent $4 billion in the third quarter for a stake in JPMorgan Chase, giving it big stakes in three of the four largest U.S. banks. According to a report in the Wall Street Journal, Berkshire has around 9 percent stakes in Bank of America and Wells Fargo and is the top investor in both companies.

Cabela’s Bids Expected This Week

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Cabela’s investor Elliott Management last year disclosed an 11 percent stake in Sidney, Nebraska-based Cabela’s and is reportedly urging a sale to pull value out of the hard-hit by recent trends retail operation. Struggling retailer Cabela’s is expecting bids this week for purchase. Early favorites include Sycamore Partners in partnership with Synchrony Financial and Bass Pro Shops with U.S. bank Capital One Financial Corp.,

TD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay

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TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. 15) that it now enables customers to instantly fund a brokerage account with Apple Pay via an Apple Business Chat in the Messages app on iPhone and iPad. In a press release , TD Ameritrade said it was the first in the industry to do this, noting that to fund brokerage accounts, investors typically have to wait for several days while the funds are verified or sent via a wire transfer.