| IIAN's Legislative committee is actively watching 40 bills impacting insurance agents, consumers, or the industry. IIAN joins a long list of business groups in opposing LB 946 - the bill would reduce the state sales tax rate from 5-1/2% to 4% effective October 1, 2021, while extending the tax to include gross income received for "providing a service", as "distinguished from selling or leasing tangible personal property." Property-casualty insurance premiums already include a 3% tax burden, most of which goes to the state's general fund. LB 946 was heard before the Revenue Committee on February 26.
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