December 16 webinar: Researchers to discuss measurements of prosperity in Nebraska
December 16 webinar: Researchers to discuss measurements of prosperity in Nebraska
On December 16, the Platte Institute will host researchers Shaun Flanagan and Ed Wickstead of the Legatum Institute for our latest webinar. You can register at PlatteInstitute.org/Events. The Legatum Institute is based in the United Kingdom and has built a niche in the area of studying relative measures of prosperity between countries and even U.S....
By Adam Weinberg
Nebraska has 4th highest wireless tax burden in the nation
Nebraska has 4th highest wireless tax burden in the nation
According to a new report by the Tax Foundation, Nebraska has a combined federal, state, and local tax rate of 29.13% on wireless services. Most of the tax is at the state and local level, comprising 19.30% of the total tax. For context, Illinois is the highest at 32.20% and Idaho is the lowest at...
By Sarah Curry
Nebraska highways ranked 12th ahead of a less-traveled holiday season
Nebraska highways ranked 12th ahead of a less-traveled holiday season
As health officials advise to avoid large family gatherings this Thanksgiving, and gas prices remain on the lower side, many Americans might take to the highways for a road trip with the people in their COVID bubble. Though AAA travel projections show a major reduction in travel plans from last Thanksgiving, particularly among air passengers,...
By Adam Weinberg
Local sales tax rates increase in 2021 for some jurisdictions
Local sales tax rates increase in 2021 for some jurisdictions
Many Nebraska cities levy local sales taxes in addition to the state rate. Cities and counties in Nebraska are authorized to levy a local sales tax under the Local Option Revenue Act (applicable to cities) or Neb. Rev. Stat. §§ 13-319 to 13-326 (applicable to counties). This law allows cities and counties to levy their...
By Sarah Curry
Nebraska continues strong recovery with budget surplus
Nebraska continues strong recovery with budget surplus
The October General Fund tax revenues are in and it looks like Nebraska is not in danger of having a large budget deficit like some states around the nation are experiencing. According to the October figures, fiscal year net tax revenues are 7% above the certified forecast and for the month of October they are...
By Sarah Curry
What is Nebraska’s likelihood of enacting a tax increase next year?
What is Nebraska’s likelihood of enacting a tax increase next year?
That is the focus of a most recent white paper from a private sector consulting firm, MultiState. They conducted an analysis of the 50 states and their likelihood of enacting a tax increase next year. Nebraska is in the “lower risk” category thanks to not having a large budget deficit, having an accepted amount in...
By Sarah Curry
What do the 2020 elections mean for tax policy?
What do the 2020 elections mean for tax policy?
Politics and policy are not always moving in the same direction, and tax policy was one area where many voters appear to have sent in a split ticket on the federal and state level in the 2020 election. On the federal side, a likely Biden victory means a new administration will hold the veto pen...
By Adam Weinberg