Feb. 17: Virtual news conference on inheritance tax report & legisation

Feb. 17: Virtual news conference on inheritance tax report & legisation

VIRTUAL NEWS CONFERENCE with the Platte Institute

February 15, 2021

Contact: Adam Weinberg
(402) 500-0209

Feb. 17: Death and Taxes
Revenue Committee to hear proposals on inheritance tax

OMAHA, NE – The Platte Institute will host a virtual news conference for its latest policy brief, “Death and Taxes: Nebraska’s Inheritance Tax.” A copy of the report will be available in a forthcoming release and at PlatteInstitute.org/Policy.

The news conference will be held on Zoom on Wednesday, February 17, 2021 at 10:30 a.m. Central Time. Registration is required at this link.

Report author Sarah Curry, Policy Director at the Platte Institute, will provide an overview of the paper and take questions through the Zoom Q&A feature. The program may be recorded for broadcast. Video and audio recordings will also be included in a release after the conference.

On Thursday, February 18, the Nebraska Legislature’s Revenue Committee is set to hold hearings on inheritance tax-related bills, Sen. Robert Clements’ Legislative Bill 310 and Sen. Wendy DeBoer’s Legislative Bill 377. The hearing will be in State Capitol room 1524 and begins at 9:30 a.m. Central Time.

LB310 would reduce Nebraska’s county inheritance tax rates and increase the amount of property value that is exempt from the tax over a period of years. The exemption amounts would also increase gradually in the years ahead, providing a pathway for lawmakers to phase out the tax in the future if desired. LB377 would expand the definition of relatives for inheritance tax purposes, providing a lower tax rate for more family members. Nebraska currently imposes three tax rates for different classes of heirs, with more distant relatives and non-relatives paying higher tax rates. A livestream of the hearing can be found courtesy NET Nebraska at this link.

For more information on this release, please contact Adam Weinberg at (402) 500-0209 or aweinberg@platteinstitute.org.

The Platte Institute advances policies that remove barriers to growth and opportunity in Nebraska. More media resources are available at PlatteInstitute.org/Media.

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