A delayed tax filing deadline and closed businesses in Nebraska has resulted in April state tax revenues that are $292 million below previous monthly projections. While this is a very noticeable impact from the pandemic, the data released by the Nebraska Department of Revenue this morning tells us a bit more about our tax code...
Responding to the COVID-19 Crisis: the Next 90 Days
Our Goal: Protect the health, safety, and economic opportunity of all Nebraskans. Our Approach: As Nebraska’s Directed Health Measures are eased, working Nebraskans will need new and safe opportunities in a changed economy. For Nebraska to experience a full economic recovery, it will require a fertile environment for new businesses to start and existing firms...
Why did the Governor waive the late fees on personal property taxes? No, personal property is not the same as the property tax you pay on your house. Real property is stationary and includes land, buildings, improvements, fixtures, mobile homes, minerals, and wells. Nebraska also taxes another type of property, known as tangible personal property. ...
On March 18th the Alcohol and Tobacco Tax and Trade Bureau waived some of the regulations associated with distilled spirits to allow them to make hand sanitizer in an effort to curb the national shortage. In addition, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed on March 25th eliminated the federal excise...
News Release: COVID-19 Budget and Economic Dos and Don’ts
The Platte Institute has released a list of recommendations for state policymakers on issues of tax compliance, budgeting, regulation, and government transparency in the COVID-19 crisis.