Removing Barriers for Nebraskans

New Nebraska property tax law may be prompting closer look at rates

New Nebraska property tax law may be prompting closer look at rates

It’s budget time for Nebraska local governments, and that’s when members of the public get to attend local hearings to share their comments regarding the spending plan of their communities. Two local governments in Nebraska have recently announced their budget and held their public hearings on their spending plans: the City of Omaha and Douglas...

By Sarah Curry

Making Cents: Why Nebraska Should Modernize the Sales Tax, Pt. 1

Making Cents: Why Nebraska Should Modernize the Sales Tax, Pt. 1

Most people take for granted that the sales tax is the tax we pay when we buy things. But if you look carefully at your receipts, you’ll begin to notice most of the things you buy in Nebraska don’t have sales tax collected on them. This is also known as a sales tax exemption. On...

By Jim Vokal

Nebraska Angels’ Steph Luebbe on Investing in Entrepreneurs

Nebraska Angels’ Steph Luebbe on Investing in Entrepreneurs

Nebraska Angels Executive Director Steph Luebbe discusses the growth of angel investing in Nebraska and the resources available for firm founders and aspiring entrepreneurs. You can watch the video on YouTube or listen to the podcast episode on Apple Podcasts or Spotify. A transcript of the interview is available below. Mentioned on this episode: Nebraska Angels Invest Nebraska Jim...

Nebraska collects $1 billion more in tax revenue than expected

Nebraska collects $1 billion more in tax revenue than expected

The Nebraska Department of Revenue has released the June 2021 state tax revenue report. This report is especially important because it includes figures for the last month of the fiscal year, which runs July 1 to June 30. For the month of June, all major tax categories were above the forecasted amount for both gross...

By Sarah Curry

Study ranks ease of doing business in Nebraska’s largest cities

Study ranks ease of doing business in Nebraska’s largest cities

A report titled “Doing Business in North America” was published by the Center for the Study of Economic Liberty at Arizona State University. This study focuses on business regulations across the United States, Canada, and Mexico. Interestingly, this study’s ranking is based on cities, and Omaha and Lincoln are included in the index. These types...

By Sarah Curry

News in Nebraska with Matt Wynn of the Flatwater Free Press

News in Nebraska with Matt Wynn of the Flatwater Free Press

A new nonprofit journalism outlet will help to fill gaps in Nebraska’s media market by telling statewide stories and improving government transparency. Former USA Today and Omaha World-Herald data journalist Matt Wynn discusses the launch of The Flatwater Free Press. You can watch the video on YouTube or listen to the podcast episode on Apple Podcasts or Spotify. A...

How much have property valuations increased in your Nebraska county?

How much have property valuations increased in your Nebraska county?

The Nebraska Department of Revenue tracks historical property valuations for each of Nebraska’s 93 counties. Overall, there are three major categories of property that are tracked: residential, commercial, and agricultural. All three experienced growth over the last decade. Most notably, agriculture valuations grew almost twice as much as residential property values. The interactive maps below...

By Sarah Curry, Hudson Hohman

Nebraska’s peer states are cutting income taxes

Nebraska’s peer states are cutting income taxes

Every state has a peer group they look to. Typically, it includes neighboring states. In Nebraska’s case, Missouri is a comparable peer. Some of the attributes we might look at are Missouri’s similar agricultural economy, but also their much lower property taxes. But when it comes to economics and growth, even states that are not...

By Sarah Curry

Biden executive order seeks to improve market for workers

Biden executive order seeks to improve market for workers

An article in the New York Times today suggests that the Biden administration is looking carefully at issuing an executive order aimed at “increasing competition in the labor market.” The order would address the issue of both noncompete agreements and of unnecessary occupational licensing restrictions. Arguably, both of these things prevent workers from looking for...

By Laura Ebke

4 Great Reads for the 4th of July

4 Great Reads for the 4th of July

Summer is a great time to indulge in good book. Whether sprawled out on a blanket under a shade tree, lounging by the pool, or passing the hours on a road trip to a vacation destination, it’s easy to get absorbed in a compelling read. Americans will soon celebrate Independence Day on the 4th of...

By Nicole Fox

Nebraska gas tax reduced slightly through end of 2021

Nebraska gas tax reduced slightly through end of 2021

Starting today, Nebraskans will be paying slightly less tax on a gallon of gas. Every six months, the state Department of Revenue reevaluates the motor fuel tax. The overall gas tax is decreasing from 28.7 cents per gallon to 27.7 cents per gallon. This comes after a 4.5 cent decline at the beginning of the...

By Hudson Hohman

Louisiana passes tax modernization, refers income tax cap to voters

Louisiana passes tax modernization, refers income tax cap to voters

Traditionally, Louisiana has severely lagged behind other states in the area of tax policy, consistently ranking in the bottom ten states on the Tax Foundation’s State Business Tax Climate Index. However, Louisiana’s state legislature recently passed an impressive tax reform package to modernize the state’s tax code. The package consists of six bills aimed at...

By Hudson Hohman

3 Reasons Why Almost Every State (Except Nebraska) Ended Its Inheritance Tax

3 Reasons Why Almost Every State (Except Nebraska) Ended Its Inheritance Tax

What happens to your soul after you die is a matter of faith, but in Nebraska, what happens to your property after death is a matter of cold, hard fact. With our neighbors in Iowa recently passing a law to phase out its inheritance tax, Nebraska is on track to be one of only five...

By Jim Vokal

Nebraska’s New Truth in Taxation Law

Nebraska’s New Truth in Taxation Law

The property tax transparency law called Truth in Taxation is new to Nebraska, but a similar law has been on the books in Utah since 1985. Two Utah-based experts, Rusty Cannon of the Utah Taxpayers Association, and former Utah state Sen. Howard Stephenson, join Jim to discuss how the policy has worked in the Beehive...