LINCOLN, Neb. (WOWT) - The state Department of Revenue issued a report Tuesday that indicates President Trump’s “One Big Beautiful Bill Act” will have a negative impact on Nebraska income for years to come.

When signed into law by the president on July 4, the “Big Beautiful Bill” amended several parts of the federal tax code.

“Nebraska is a state of rolling conformity to the federal tax code, so any changes in the federal tax code may affect the Nebraska Revenue Act of 1967, thereby influencing Nebraska tax receipts,” the Nebraska DOR report filed to the state Legislature states .

Some of the changes won’t impact individual income reports — specifically any that are deducted after the federal adjusted gross income and before the federal taxable income is calculated — but others coul

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