$559 million Next week, the Nebraska Legislature is expected to consider packages of proposed personal and corporate income tax cuts (LB 754) and property tax breaks (LB 243) that combined would impact [...]
On Thursday, the Nebraska Legislature met its obligation to pass a balanced budget by Day 80 of the 90-day session. The package of budget bills headed to the Governor’s desk outlines $5.3 [...]
The Appropriations Committee on Tuesday placed its amended version of LB 1014 on the first round of debate. The bill contains several provisions to allocate American Rescue Plan Act (ARPA) dollars throughout the state. [...]
With the Revenue Committee quickly advancing multiple tax proposals to be debated by the full Legislature, state lawmakers already have a lot on their plates when it comes to major fiscal issues. [...]
Read more about the House tax plan, the state revenue forecast and the Department of Revenue's Tax Burden Study.
As the U.S. Senate prepares to vote this week on its budget resolution, a key step in the implementation of federal tax changes, a new OpenSky Policy Institute analysis finds such changes at the federal level could have a profound impact on Nebraska and its state budget.
A review of national reports indicates Nebraska’s $1.2 billion budget shortfall might be part of a larger structural trend that could extend over 40 years and be exacerbated by tax changes at the federal level.
Senate votes for retail fairness U.S. Sens. Mike Johanns and Deb Fischer were among a strong bi-partisan Senate contingent that voted on Monday to pass the Marketplace Fairness Act – which gives [...]