Tax Policy

Nebraska’s 10-year challenge

Nebraska’s 10-year challenge

Ever wonder how much our state has changed when it comes to tax policy?  Well, in the spirit of Facebook’s ten-year challenge, here is Nebraska’s ten year tax challenge: 2009 to 2019. Here are some things to keep in mind. Slight changes in our tax rates can change our national ranking.  For example, the individual...

By Sarah Curry

Voters abolish local government over income tax

Voters abolish local government over income tax

Hat-tip to Jared Walczak at the Tax Foundation for pointing out this worthwhile read in the New York Times about an Ohio village where voters decided to abolish their local government in order to fend off a tax increase. Residents of Amelia, Ohio voted to disband the local political subdivision after their council imposed a...

By Adam Weinberg

Report shows Douglas County tax collections

Report shows Douglas County tax collections

Ever wonder how much revenue your county collects?  Well, due to reporting standards I can’t pull this type of information for every county in the state – but luckily Douglas County makes it easy since they issue a standardized report each year. Here is a list of what types of revenues and how much was...

By Sarah Curry

Revenue Committee shelves changes to sales tax exemptions

Revenue Committee shelves changes to sales tax exemptions

It seems we have an answer to my previous question about sales tax exemptions and their part (if any) in the Revenue Committee’s 2020 legislative property tax proposal. So far, it looks like the committee won’t be including a proposal to remove sales tax exemptions right off the bat, instead relying on currently projected increases...

By Adam Weinberg

Revenue Committee focused on rural property tax issues

Revenue Committee focused on rural property tax issues

News from Lincoln tells us that the Revenue Committee has agreed on an approach to the property tax problem in Nebraska. “…a multi-year plan to address high property taxes should first target help for farmers and ranchers, with a particular emphasis on relief in school districts with high property tax levies…” As of right now,...

By Sarah Curry

Crop prices slightly increase, yet farm income drops

Crop prices slightly increase, yet farm income drops

A report from the Kansas City Federal Reserve late last week highlighted the findings from the Tenth District Survey of Agricultural Credit Conditions where farm income in the region continued to decline. “Farm income decreased from a year ago across all states in the region, with some variation in the pace of decline. Compared with...

By Sarah Curry

Over 30% of Nebraska state revenue comes from federal taxes

Over 30% of Nebraska state revenue comes from federal taxes

The Pew Charitable Trusts just released new analysis that shows around 1/3 of every state’s revenue came from the federal government in 2017.  Nebraska was at 30.9%. The majority of this funding helps to pay for public services such as health care, education, transportation, and infrastructure.  This is important for our lawmakers to be aware...

By Sarah Curry

Nebraska’s Sales Tax

Nebraska’s Sales Tax

Reducing reliance on the property tax through ending Nebraska’s many sales tax exemptions can help create the right environment for revenue-neutral tax reform.

By Sarah Curry, Adam Weinberg

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