Colorado’s Democratic governor proposes ending property taxes on business equipment
Colorado’s Democratic Gov. Jared Polis presented his State of the State address this week. In the speech, Polis proposed to make his state the latest to scrap personal property taxes on business equipment. A proposal moving in the same general direction is being considered this session in Montana, where the exemption would be doubled to...
South Dakota passes universal recognition of job licensing
On Wednesday, Nebraska’s neighbors to the north passed HB1077, a bill to provide universal recognition for occupational licensing. That bill, introduced at the request of Gov. Kristi Noem, is just waiting for her signature. The bill was passed in both houses by near-unanimous votes and will represent the third of Nebraska’s neighbors (Iowa and Missouri...
Nebraska is one of only six states that levies an inheritance tax, but senators in both parties are working on ways to reduce the burden on families and businesses. Jim Vokal and Sarah Curry discuss a new report on one of Nebraska’s least understood taxes. Resources mentioned in this episode: Death and Taxes: Nebraska’s Inheritance...
Executive Summary Nebraska has been seeking ways to modernize its tax code for several years, and unfortunately, the inheritance tax has often been left out of the analysis. The inheritance tax is a worthy subject for tax modernization and reform because only six states continue to have this tax: Iowa, Kentucky, Maryland, Nebraska, New Jersey,...
Inheritance taxes can cancel the dreams of Nebraskans and newcomers
Do you remember Bless This Mess? The ABC sitcom took place in the fictional town of Bucksnort, Nebraska, and was canceled after two seasons. I started watching, thinking someday it might inspire an article. Here goes. While the show found its detractors, I stuck around for its Parks and Rec-like zaniness. It follows urban millennials...
Eager to welcome workers, legislatures move quickly on universal licensing recognition
The number of states introducing (and advancing) legislation that would grant universal recognition to licensed workers from out of state seems to be growing almost daily. In addition to Nebraska’s LB263, which was heard in the Government Committee almost two weeks ago, there are at least seven states that are moving what I would call...
Arizona lawsuit targets zoning restrictions on mobile homes
Nebraskans with safe and warm homes got a reminder this week of just how fortunate they are, as communities across the state and region experienced near-record low temperatures. A new video by the Institute for Justice tells the stories of Americans who are in danger of becoming homeless, all because the housing they can afford,...
Nebraska netted $453 million in taxes in January, annual revenues higher than before pandemic
Nebraska’s January state tax revenue report was released this morning and it shows a very strong picture for the Cornhusker State, despite some in Washington continuing to claim that states need more federal aid. January net receipts were $453 million. That is 19.1% above the forecast. Net Sales and Use: 14.5% above forecast Net Individual...
What would Nebraskans do if more of them were connected to broadband? A new poll suggests most might video call their elected officials about high property taxes. Jim Vokal reviews the poll, and Adam Weinberg covers the less-discussed aspects of broadband deployment with Will Rinehart, Senior Research Fellow at the Center for Growth and Opportunity...
Poll shows Nebraskans favor more action on property taxes
Revenue Committee Chair Sen. Lou Ann Linehan is beginning to set an agenda for tax modernization in the 2021 Legislature. In a news release from her legislative office, the Elkhorn-area senator pointed to a recent Tax Foundation report that provides backing for a number of policy ideas her colleagues have introduced, including requiring voter approval...
Lawmakers are looking at policies helping Nebraskans in the pandemic and whether to make them permanent. We discuss Sen. John Arch’s telehealth-related LB400, Sen. Tom Briese’s proposal for universal licensing recognition with LB263, and introduce Nebraskans who have been helped by recent changes. Resources mentioned on this podcast: Pediatric Therapy Center The Knee Center for...
Nebraska posting strong revenues in nationwide study of pandemic impact
Nebraska has posted strong state tax revenues during the pandemic, yet many in Washington D.C. keep calling for more state aid. Is Nebraska an outlier or are other states doing as well as the Cornhusker State? According to data collected and published by the Reason Foundation, the revenue shortfalls for state and local governments are...
Rural states are keeping a closer eye on business equipment taxes
Last year, agriculture groups warmly received the Nebraska Legislature’s passage of a major tax package providing income tax credits for school property taxes paid on real estate, like homes, buildings, and farmland. Less reported, though, is that to help pay for the change, the Unicameral also ended a different type of property tax relief impacting...
A transparency proposal in the Legislature would prevent taxpayers from being blindsided by local property tax increases, and give them more of a voice in the process that decides their tax bill. You can find more free tips and resources about Truth in Taxation at PlatteInstitute.org/Truth. Nebraska Truth in Taxation Resource Page