Sen. Tom Briese of Albion on Wednesday urged the Legislature’s Revenue Committee to consider a tax policy trade-off that would eliminate Nebraska’s dozens of sales tax exemptions on services in exchange for a lower sales tax rate.
That would update the tax code to reflect the movement toward a more service-oriented economy, he said, and place Nebraska in a more favorable position in terms of promoting economic development with a lower competitive sales tax rate.
Briese’s proposal would have the immediate impact of lowering the state’s share of the sales tax rate from 5.5% to 4%.
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by don walton
February 27, 2020