NET on Oct. 29 — Property, Income, Sales Tax Changes Under Consideration
Nebraskans had their say on state taxes in public hearings this summer and fall. Now, the Legislature’s Tax Modernization Committee is deciding which changes to endorse. There are plenty of ideas, each one with benefits, or costs, for different people.
Let’s say you’re single, and make more than $27,000 a year. Or a retired couple, with more than $32,000 of income, including Social Security. Or a farmer, with land valued in the millions and high property taxes. If so, you might like some of the ideas being proposed or considered by the committee.
On the other hand, if you have a car that needs repairs, or if you take clothes to the dry cleaners, you might not like some of those ideas.