Nebraska’s budget funds for services at the core of the Good Life. In fact, more than 90 percent of the state’s general fund budget goes to fund education, health and human services and public safety. As such, the budget decisions our policymakers have serious implications for all Nebraskans.
As lawmakers continue to debate LB 939's income tax cuts, this short video examines where Nebraska’s top personal rate kicks in and how the state's standard deduction would play into who would get a personal [...]
While Nebraska legislators continue to debate LB 939’s personal and corporate income tax cuts on the floor, the Revenue Committee on Wednesday will hold hearings on two other bills that would provide significant [...]
The corporate income tax cut proposed in LB 939 – a bill being debated by the Nebraska Legislature – would offer corporations little incentive to move here, University of Nebraska Tax Law professor Adam [...]
Because of Nebraska’s standard deduction, a married couple filing jointly would have to make more than $81,060 to get any personal income tax cut under LB 939, a bill on Monday’s legislative agenda. The [...]
The Legislature’s floor debate agenda continues to be filled with major fiscal policy issues this week, including school revenue caps, a K-12 funding increase and income tax cuts. Meanwhile, the week’s hearing [...]
The consumption tax sought by proponents of LR 264CA and its companion bill, LB 133, would need a rate of at least 20% to be revenue neutral, analysis from the Institute on Taxation and Economic [...]
The school revenue cap in LB 986 – a bill being debated by the Legislature – would cause significant revenue losses for large school districts with the highest needs, such as high percentages of [...]
This week begins with a bill to cap school district revenue growth on the Legislature’s agenda and will end with a Revenue Committee hearing on a measure to replace all state and local taxes [...]
Non-Nebraskans, corporations and wealthy residents would be big winners under the income tax cuts proposed in LB 938 and LB 939 – two bills before the Revenue Committee today. Meanwhile, the bills – which would ratchet [...]
The Appropriations Committee today will hear testimony on LB 1014 – the governor’s proposal to distribute $1.04 billion in American Rescue Plan Act (ARPA) dollars. ARPA presents the states, such as Nebraska, with an [...]