50 State Series: How to move your LLC or corporation out of Nebraska and keep your EIN

Nebraska has made real progress on tax rates, but lower rates do not fix a tax code with structural traps. In this presentation, Chad D. Cummings, CPA, Esq., explains why Nebraska ranks 22nd on the Tax Foundation’s 2026 State Tax Competitiveness Index, including its 5.2 percent top individual income tax rate, 4.55 percent flat corporate income tax rate, scheduled corporate rate reduction to 3.99 percent, and one of the strongest public pension systems in the country at 98 percent funded. The discussion also addresses the problems that remain, including Nebraska’s convenience of the employer rule for remote workers, one-day nonresident filing and withholding rule, capital stock tax, above-average property taxes, inheritance tax, and revenue shortfalls that could prevent future scheduled rate cuts. On $500,000 of annual pass-through income, Nebraska’s 5.2 percent income tax produces $26,000 of state income tax, compared to zero in Florida and zero in Texas. The presentation also explains how business redomestication can transfer a company to another state without dissolving the company, forming a new entity, losing its EIN, disrupting contracts, or sacrificing business credit history when handled with proper legal and tax formalities. Learn more: https://www.cummings.law/redomestication/