Removing Barriers for Nebraskans

LB 754 keeps Nebraska’s income tax progressive

LB 754 keeps Nebraska’s income tax progressive

Nebraska has a progressive state income tax. This means that higher income earners pay a greater portion of their income in taxes than do lower income earners. If Nebraska lawmakers enact LB 754, a comprehensive income tax reform bill, the state will still have a progressive income tax.  Nebraska’s top income tax rate of 6.64%...

By Michael Lucci

Summary and analysis of income tax reform in LB 754

Summary and analysis of income tax reform in LB 754

Nebraska’s Revenue Committee advanced an amendment to LB 754 out of committee on a 7-1 vote last week, bringing Gov. Pillen’s income tax reform plan to the full Unicameral for debate.   The bill is a tour de force of income tax reforms. The individual and corporate income taxes are both overhauled by the bill, with...

By Michael Lucci

The state tax revolution sweeps across the Great Plains

The state tax revolution sweeps across the Great Plains

Nebraska lawmakers took a key step towards historic tax reform last week. Revenue Committee lawmakers voted to consolidate several tax reforms into LB 754 and to advance the tax package out of committee on Thursday, March 16.   Nebraska’s legislative progress comes not a moment too soon, as major tax reform proposals are advancing across the...

By Michael Lucci

Nebraska’s tax code should encourage remote workers to move in

Nebraska’s tax code should encourage remote workers to move in

Nebraska has one of the most aggressive regimes for taxation of non-resident income in the country, according to new rankings from the National Taxpayers Union. While raising tax revenues from non-Nebraskans might seem like found money, it also ensures that many non-Nebraskans will never visit Nebraska for work purposes.    Tax compliance is heavy for remote...

By Michael Lucci

Nebraska should join the responsible state budget revolution

Nebraska should join the responsible state budget revolution

Nebraska’s Revenue Committee is advancing a broad overhaul of the state’s tax code. These reforms, if enacted, would bring the Cornhusker State in line with the ongoing state tax revolution.    During the post-pandemic era, states are turning away from progressive tax structures and creating lower, flatter income taxes. And mobile workers are moving towards states...

By Michael Lucci

Mississippi advances full expensing through both chambers

Mississippi advances full expensing through both chambers

Mississippi lawmakers advanced legislation to enact full expensing this week, with separate bills passing in the legislature’s House and Senate. H.B. 1733 passed Mississippi’s House on an overwhelming 112-3 vote, while S.B. 3101 passed the Senate on a 51-0 vote. The bills both make full expensing the permanent tax treatment for qualifying investments in both...

By Michael Lucci

Legislature considers 2023 version of workforce licensing reform

Legislature considers 2023 version of workforce licensing reform

This year marks the fourth consecutive legislative session that the Nebraska Legislature has heard and considered significant workforce licensing reform. The Platte Institute was engaged actively in that topic as early as 2016. LB16 was introduced by Senator Tom Briese and contains two main elements: universal recognition of licenses from out-of-state and a “fair chance”...

By Laura Ebke

Pole replacement and underground fund would empower broadband deployment in Nebraska

Pole replacement and underground fund would empower broadband deployment in Nebraska

Nebraskans are more reliant on broadband connectivity now than ever. Connectivity is important for people accessing government services, online banking, education, health care, and remote work. Connectivity is important to Nebraska’s largest industry – agriculture. Nebraska’s farmers and ranchers need access to agricultural technologies to increase yields and conserve resources. Small businesses are also very...

By Nicole Fox

Priorities for the 108th Nebraska legislature

Priorities for the 108th Nebraska legislature

At the writing of this blog, the 108th Nebraska Legislature is entering the 7th week of its 90-day session. A massive 812 bills were introduced in the first 10 days of the new session, each receiving a public committee hearing before full-day floor debates begin. Striking this year is the attention the Governor and legislative...

By Jim Smith

How We Vote: A Platte Institute Study

How We Vote: A Platte Institute Study

In recent years, states around the country have started experimenting with different methods of voting. Ranked Choice Voting. Instant Runoff Voting. Open Primaries. Approval Voting. All of these methods of voting are being proposed or experimented with in an assortment of configurations in different jurisdictions. From local elections to statewide elections; from primary elections to...

By Laura Ebke

Home equity theft kicks homeowners while they’re down

Home equity theft kicks homeowners while they’re down

A recent story about Geraldine Tyler in Reason went something like this: 94-year-old Tyler fell behind by $2300 on her property taxes. Interest and fees came to $15,000. The government foreclosed, sold the home for $40,000, and kept the remaining $25,000. Right or wrong, most of us know that government can seize property to collect...

By Laura Ebke

Nebraska community college property tax repeal: simplifying the tax code to deliver property tax relief

Nebraska community college property tax repeal: simplifying the tax code to deliver property tax relief

High Resolution Downloadable Study Here. Introduction Nebraska’s property tax burden is the central issue in the state’s tax debate. Property taxes are high and unevenly distributed, making it hard to develop clean solutions for direct tax reduction. Indeed, legislative action in the last several sessions shows that Nebraska lawmakers are working to tame the state’s...

By Michael Lucci

New corporate rate rankings highlight Nebraska’s pathway to a top 10 corporate tax code

New corporate rate rankings highlight Nebraska’s pathway to a top 10 corporate tax code

Nebraska levies the 18th-highest corporate income tax rate in the country in 2023, according to a new compilation of state corporate rates from Tax Foundation. The Cornhusker State’s top corporate rate was reduced from 7.5% to 7.25% on January 1st, making Nebraska’s top rate equal to New York’s at #18.   Nebraska is one of...

By Michael Lucci

Nebraska, Wisconsin, aim towards flat taxes

Nebraska, Wisconsin, aim towards flat taxes

The state flat tax revolution marches on in 2023. Arizona, Idaho, and Mississippi each inaugurated a flat-rate income tax on January 1st, expanding the count of states that opt for a single-rate income tax structure. Massachusetts, on the other hand, moved in the other direction by abandoning its decades-long protection of a flat tax system....

By Michael Lucci