Removing Barriers for Nebraskans

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...

Nebraska nets $720 million in revenue in May

Nebraska nets $720 million in revenue in May

Nebraska’s state tax revenues remain above projections as the state continues its rebound from the COVID-19 pandemic. According to the most recent Nebraska Department of Revenue news release, gross revenues for the month of May 2021 were $892 million or 72.6% above the certified forecast. Net revenues for the month were $720 million, which is...

By Nicole Fox

Diane Battiato’s right: Assessors aren’t the cause of Nebraska’s property tax woes

Diane Battiato’s right: Assessors aren’t the cause of Nebraska’s property tax woes

As summer begins and finalized property valuations land in many Nebraska mailboxes, county assessors can take an undue share of the blame for what looks to be an unavoidable—and sometimes major—increase in property tax bills. But in a recent Omaha World-Herald letter to the editor, Douglas County Assessor and Register of Deeds Diane Battiato appropriately...

By Jim Vokal

Case Study: How We Helped Create More Jobs in Nebraska

Case Study: How We Helped Create More Jobs in Nebraska

Nebraska has more jobs available than people to fill them. That can make job creation seem like an unimportant issue for the state.  But for Nebraska to grow and meet its workforce needs, it needs to offer economic opportunities for people from all walks of life and all communities. Recent census figures show Nebraska trails...

By Jim Vokal

Iowa’s repeal to leave Nebraska with region’s only inheritance tax

Iowa’s repeal to leave Nebraska with region’s only inheritance tax

Thanks to a comprehensive tax reform bill (SF 619), Iowa has successfully set a date for repealing its inheritance tax. Iowa will phase down the tax by 20% each year until it is repealed in 2025, leaving only 5 states in the nation left with an inheritance tax. Among them, Nebraska has the highest rate...

By Sarah Curry

Nebraskanomics: Former State Sen. Jim Smith on Next Steps for Blueprint Nebraska

Nebraskanomics: Former State Sen. Jim Smith on Next Steps for Blueprint Nebraska

Former Nebraska state Sen. Jim Smith is joining the Platte Institute as its new Executive Vice President and Chief Strategy Officer. He discusses his past work at Blueprint Nebraska and how its initiatives are being carried over to the Platte Institute. You can watch the video on YouTube here or listen to the podcast episode on...

Highlights of the 2021 Nebraska legislative session

Highlights of the 2021 Nebraska legislative session

The first session of the 107th Nebraska Legislature has adjourned Sine Die, concluding regular legislative business in Lincoln until 2022. Now that all the legislating (except the forthcoming special session on redistricting) is complete, let’s summarize some of the ways senators expanded economic opportunities and freedoms for Nebraskans in 2021. During the session, the Platte Institute weighed...

By Nicole Fox