Nebraska closed 2020 with lowest unemployment rate, but workforce challenges remain
In December, Nebraska’s state unemployment rate remained the country’s lowest at a preliminary rate of 3%, matching neighboring South Dakota for the top spot, according to figures released by the Nebraska Department of Labor and the U.S. Bureau of Labor Statistics (BLS). Non-farm employment increased by 5,394 for the month, which the Labor Department called...
Unicameral releases new online feature for public comments
The Nebraska Legislature has rolled out a new way of soliciting public comment on bills being heard before legislative committees. In the past, if members of the public wished to make their opinion on a bill known, they had to trek to Lincoln on the day of the hearing, sign in as “For” or “Against”...
Iowa advances bill to repeal inheritance tax while Nebraska focuses on reform
Bill introduction has ended for the 2021 Nebraska Legislature, and two bills were filed to reform Nebraska’s antiquated, and increasingly uncommon, inheritance tax. In fact, yet another neighboring state might soon ditch its own inheritance tax. SSB 1026, which would repeal Iowa’s inheritance tax if approved, was advanced unanimously from an Iowa Senate subcommittee. It...
Senators have introduced hundreds of bills in the new legislative session. We discuss 21 of them that we’re supporting to remove barriers for Nebraskans in 2021. Resources mentioned in this episode: The Platte Institute’s Take Action Page Find Your Senator Wyoming Legislature considers universal recognition of occupational licenses Bills discussed in this episode (listed by...
Wyoming legislature considers universal recognition of occupational licenses
Occupational licensing reform has been one of the hot topics in state legislatures throughout the country for the last five years or so. What started out as an effort to chip away on excessive or no-longer-needed occupational regulation has turned into a state-by-state, nationwide effort to reform the way that we think about licensing jobs....
Nebraska issued $112 million in tax refunds in December
Nebraska gross tax revenues for the month of December were overall very strong. Every category was above forecast for the month except for gross personal income tax, which was 3.4%, or $7.6 million, below forecast. When we look at the fiscal year net revenues, Nebraska remains ahead of projections. The state is currently 7.9% or...
State of the State emphasizes taxes and licensing reform
In his State of the State Address, Gov. Pete Ricketts outlined his priorities for the next two years during the 107th Nebraska Legislature. He started by proposing only a 1.5% growth rate to the state’s budget while highlighting areas including property tax relief, making Nebraska more welcoming to veterans and the military, job licensing reform, public...
Some want states and the federal government to impose more taxes on automation, robots, and other business equipment. Tax Foundation Senior Policy Analysts Garrett Watson and Katherine Loughead discuss why that’s not as futuristic of an idea as it sounds. Resources mentioned on this podcast: Increasing the Tax Burden on Capital Investment and Automation Hurts...
The Nebraska Legislature’s Revenue Committee is the gatekeeper for all things tax. Eight state senators hold public hearings and decide which tax proposals move on from the bill introduction stage and receive consideration from the whole Legislature. Through 2019 and 2020, the committee was deeply dug into a process of trying to move forward on...
Licensing review prompts bill to eliminate locksmith registration
Lincoln-area state Sen. Matt Hansen has introduced a remarkable bill, and it’s only one sentence long (which we don’t see enough). LB169 starts with the words: “The following sections are outright repealed…” The sections of statute that would be repealed refer to the registration, or occupational licensing, of locksmiths. Locksmiths were among the occupations reviewed as...
Report: Regulatory burdens reduced Nebraska jobs and businesses
While some regulation will always be necessary, Nebraska needs to make sure its regulations are not unintentionally inhibiting economic prosperity or harming the potential to create jobs and allow businesses to expand. As of August of 2020, the Mercatus Center at George Mason University had inventoried 44 states’ regulatory restrictions. Compared with the 43 other...
Tax legislation takes different approaches to economic competitiveness
As the Nebraska Legislature gets started for the new biennium, there have already been a good number of bills filed relating to taxes and our state’s economy. I am anticipating more of these bills to be filed in the upcoming days, dealing with property taxes, income taxes, sales taxes, motor vehicle taxes, and more. A...
Nebraska state senators elect leaders for two-year legislative session
A very routine first day of the 2021 Nebraska Legislature now seems remarkably cordial when compared with the mob that stormed the U.S. Capitol in Washington only a short time later the same afternoon. Nebraska state senators elected a new Speaker and committee chairs for the biennial session. The senators will hold those positions during...
The entire Platte Institute staff gets together to chat about the beginning of the 2021 legislative session and introduce some of the voices you’ll hear in future editions of The Full Platter podcast.