Nebraska should repeal its Corporation Occupation Tax
Nebraska should repeal its Corporation Occupation Tax
Nebraska’s Corporation Occupation Tax is a business tax levied upon a business’ net worth in Nebraska rather than the business’ profitability. This form of property taxation is generally known as a capital stock tax, and is calculated based upon the value of capital within the state. The Corporation Occupation Tax funds the Nebraska Secretary of...
By Michael Lucci
Ensuring Property Tax Relief: Strengthening Nebraska’s School Funding and Tax Caps
Ensuring Property Tax Relief: Strengthening Nebraska’s School Funding and Tax Caps
Last week Governor Pillen provided state senators with the newly published 2024 School Property Tax Collection Report and asked them to consider legislation to address inconsistencies in state aid to schools. We applaud the Governor’s ongoing efforts to improve the competitiveness of the state’s education systems and believe addressing the perceived disparities in the state...
By Michael Lucci
Nebraska Advances to #24 on State Tax Competitiveness Index
Nebraska Advances to #24 on State Tax Competitiveness Index
Nebraska’s 2023 income tax reforms are beginning to bear fruit in the form of enhanced state tax competitiveness. So says the findings of Tax Foundation’s 2025 State Tax Competitiveness Index, a tool that assesses the competitiveness of each state’s tax code. Nebraska moved up from #30 in the 2024 edition to #24 in the 2025...
By Michael Lucci
Nebraska Tax Sources: The complete tax picture over 24 years
Nebraska Tax Sources: The complete tax picture over 24 years
Over the last 24 years, Nebraska’s major revenue sources have grown at roughly 2.5-3 times the rate of inflation, with property tax collections outpacing sales and income tax collections at a slightly faster clip. This overall high rate of revenue and spending growth is what drives Nebraska’s high tax burden. Nebraska’s property tax remains the...
By Michael Lucci
Annual Report: Cost of Nebraska’s Medicaid Expansion
Annual Report: Cost of Nebraska’s Medicaid Expansion
This is the first edition of our Annual Cost of Medicaid Expansion report, marking a critical step in providing Nebraskans with transparent, detailed data on the financial impacts of Medicaid expansion. As Medicaid costs have grown rapidly in recent years, this annual report will now offer a consistent and independent source of information, allowing Nebraska...
By Michael Lucci
Tax-happy Aurora Officials Buckle Against Truth in Taxation
Tax-happy Aurora Officials Buckle Against Truth in Taxation
Aurora officials have had their hearts set on a major tax hike in 2024, causing Aurora residents to scramble to defend their wallets. Luckily, Aurora’s most recent tax grab fell under the scrutiny of Nebraska’s Truth-in-Taxation law, which allowed taxpayers to push back against a massive tax hike. The Truth-in-Taxation neon postcards sent to Aurora...
By Michael Lucci
LR2CA Emerges as partial solution to property tax problem
LR2CA Emerges as partial solution to property tax problem
LR2CA, a constitutional amendment proposed by Senator Tom Brandt, emerged as an interesting option with significant support during Friday’s special session. While this proposal would not immediately change property taxes, it would open a constitutional door for legislators to tax different property types differently. Article VIII of the Nebraska Constitution defines the types of taxes...
By Laura Ebke