Today, the second session of the 106th Nebraska Legislature convenes. Last year, 739 bills were introduced. Of those, 255 (roughly 1/3) were signed into law and 3 were vetoed. A resulting 481 bills were carried over. The first ten days of session are when new bills are introduced. It is anticipated another 500-700 bills will...
Colorado's Democratic governor gave a great argument for tax reform.
The Legislature's 2015 gas tax increase has reached its destination.
Let's recap the current property tax ballot petition debate.
Annual vehicle taxes can be a costly addition to Nebraska's tax burden.
A Nebraska state senator is expected to propose repealing Nebraska's income tax.
How can we bridge the information gap between taxpayers and taxing entities?
I’m sure if your family is getting together for the holidays there will be wine, mixed drinks or beer served. But did you know that by indulging in holiday spirits you are also paying a ‘sin’ tax? A ‘sin’ tax is an excise tax placed on something that the government ties closely to moral or...
Ever wonder why Nebraska’s economy doesn’t seem to follow the national trend? For example, the nation experienced one of the worst recessions in modern history in 2008-2009, yet Nebraska was somewhat insulated from the effects. The reason – our state has a diversified economy. According to The Stacker website, Nebraska ranks 3rd best in the...
Last month we talked about how the state’s revenues were exceeding forecasts. In the last 30 days there have been many discussions in Lincoln about what to do with this excess cash. Some want to put it into the Property Tax Credit Relief Fund, some want to use it for comprehensive property tax reform, some...
Unfortunately, it’s not Nebraska that’s called a special session on taxes – it’s Utah! Utah has the nation’s 9th most favorable tax climate and one of the fastest growing economies in the nation – so what more is there to change? Well, research has shown that the state relies too much on the income tax...
Nebraska state senators are already making their positions known, as a property tax ballot campaign emerges as a 2020 campaign issue.
According to the NE Department of Revenue, the following are changes to the local sales and use taxes effective Jan 1, 2020: Gage County will start a new 0.5% county sales and use tax rate that is effective in the entire Gage County area. Deshler will start a new 1% city sales and use tax rate. Unadilla will start a new 1.5% city sales...
The proposal to be discussed includes an expansion of the state’s sales tax base.