February/March 2018

Senator’s Reception.... The So- ciety’s leadership and the leadership of the Nebraska Legislature met during the Socie- ty’s annual Reception for State Senators. The event was held January 2, 2018, at the Nebraska Club in Lincoln. From left to right is : the Society’s Chairman-Elect, Patrick Meyer of Lincoln; Society member and Ger- ing State Senator John Stinner, Appropria- tions Committee Chairman; Speaker of the Legislature, Norfolk Senator Jim Scheer, and Society Chairman Ryan Parker of Lin- coln. Nearly 90 persons attended the event including 26 State Senators. The annual event is held the night before the convening of each new Nebraska Legislative session and has been hosted by the Society since the mid-1970s. Over 40 Society members remem- bered the Society’s Foundation during the final month of 2017 and made con- tributions to the Society’s Foundation. The contributions from 41 members totaled almost $13,500 in funds for fu- ture scholarships Society Foundation President Don Kluthe thanked all the generous mem- bers. “Please be assured that these funds will be used for scholarships. The Board of Trustees continue its efforts to in- crease the number and value of scholar- ships available to accounting students at 14 Nebraska colleges and universities. We will work to make sure the pipeline of excellent new CPAs continues to flow in Nebraska,” Kluthe said. Contributions to the Foundation can be sent to: The Foundation of the Nebraska Society of CPAs, 635 S. 14 th Street, Suite 330, Lincoln, NE 68508 or by going to www.nescpa.org and clicking on “Foundation”. In 2017, the Foundation funded and distributed $125,000 in scholarships to 70 college accounting students across Nebraska. Following are contributors during December 2017: Anonymous Auten, Pruss & Beckman Jennifer Bergman Stephen Bjorkman Tracy Black Patricia Brunz Robert Bryant John Conner II DeBoer, Gene & Cheryl - DeBoer & Associates Edward Fitzgerald Duane Gabriel - Gabriel, Burger & Else CPA PC J. Paul Goldenstein Galen Hadley Harold Hall John Hancock - John & Izzy Hancock Charitable Foundation Harold Hoff (the Hoff Foundation) By Dan Vodvarka Society President The second session of the 105 th Nebraska Legislature opened on Janu- ary 3, 2018, with taxes and budget considerations being two of the top issues for Nebraska State Senators. The 2018 session will be a 60-day ses- sion and is scheduled to conclude around April 17. Because of terms limits in Nebras- ka, the session will be the last one for at least six senators and one senators has announced he will not run for re- election. Over 400 bills were carried over from 2017 and 469 bills were introduced along with resolutions and constitutional amendments during the first 10 days of the 2018 session. Among the tax issues carried over from the 2017 session were two bills that would extend the state’s sales tax to many services including profession- al (accounting and tax preparation) services. The bills, LB312 and LB563, were considered during a pub- lic hearing of the Legislature’s Reve- nue Committee in February 2017. At the hearing, the Society testified in opposition to the bills and also joined in a coalition of almost 30 other pro- fessional organizations and trade groups to oppose the bills. The bills remained in the Revenue Committee at Continued on Page 11 Continued on Page 6