Tax Policy
Jim Vokal’s Weekly Email: forecasting update
Last week, Nebraska’s forecasting board revised its projections, and the news wasn’t good. State revenues continue to fall…
Tax Policy
Budget Season: Keep Eyes on the Prize of Tax Competitiveness
As the tail end of the legislative session approaches, it’s important for Nebraska lawmakers to keep their eyes…
Tax Policy
Discriminatory Taxes Make Unreliable Revenue Sources
As Nebraska lawmakers work to close a revenue gap and consider additional property tax relief, they should focus…
Tax Policy
Fix Nebraska’s Truth In Taxation Timeline and Tax Rate Rollback
Nebraska’s property tax ranks 45th in the nation for overall property tax competitiveness, according to the Tax Foundation’s annual…
Tax Policy
Eliminate ESU and TPP for the Next $300mm of Property Tax Relief
K-12 school districts account for over $3 billion of all Nebraska property tax collections, making up 60% of…
Tax Policy
Education Service Units Property Tax Relief
Nebraskans want property tax relief, and lawmakers continue to seek options to deliver tax relief without fueling local…
Tax Policy
Nebraska Tops Charts for K-12 Property Tax Reliance
Nebraska policymakers have been focused on property tax relief for 5 years, and for good reason. According to…
Tax Policy
Nebraska Revenue Committee Must Be Ready for Reconciliation
Nebraska’s Revenue Committee faces an unusual challenge this year. Federal lawmakers are likely to change the federal tax…
Tax Policy
Nebraska Must Defend Its Historic 2023 Income Tax Cuts
Nebraska’s 2023 income tax reforms are the Cornhusker State’s ultimate tax reform achievement of the last generation. Governor…
Tax Policy
Reforming Nebraska’s Tangible Personal Property Tax
Nebraska’s tangible personal property tax (TPP) needs to be reformed. Nebraska ranks 45th in the nation for overall…
Tax Policy
Nebraska should tighten the inflation adjustment for its property tax cap
Nebraska lawmakers imposed a property tax cap in LB 34, which was passed during the 2024 summer special…
Tax Policy
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…