Nebraska – New Tax Reform Options Join Fewer Sales Tax Exemptions

The Legislature’s Revenue Committee on Friday continued its search for a tax reform plan that would deliver property tax relief with some new ideas laid on the table.

Meanwhile, Creighton University economist Ernie Goss told the committee that “Nebraska is a high tax state (with) a spending problem,” arguing that the state overspends both on K-12 education and higher education, based on the median level of regional states.

The committee is focused on trying to build a plan that could provide property tax relief funded with revenue raised by elimination of some sales tax exemptions rather than seeking an increase in the state sales tax rate as it did during the 2018 legislative session.

For The Full Story: Lincoln Journal Star

Lincoln journal star
by don walton
august 2, 2019