WOWT on March 12: Nebraska lawmaker continues effort to eliminate property, income and corporate taxes, replace them with consumption tax

By |2024-05-07T14:52:58-05:00March 12th, 2023|OpenSky in the Media|Comments Off on WOWT on March 12: Nebraska lawmaker continues effort to eliminate property, income and corporate taxes, replace them with consumption tax

 State Sen. Steve Erdman aims to change taxes in Nebraska through his priority bill, LB79.

“Starting back in [20]17 when I first came, my goal was to eliminate or fix property tax,” Erdman said. “For the last three years, we’ve been dealing with the EPIC Option.”

EPIC Option stands for eliminating property, income and corporate taxes. It proposes replacing those sources of revenue for the state with a consumption tax.

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