A recent BluePrint Nebraska report on a proposed state tax framework suggests it would leave Nebraska with a more progressive tax code. While a more progressive tax code would benefit Nebraska, and particularly [...]
(EDITOR'S NOTE: This is a revised version of the Policy Brief that we published on April 26. This version has been revised to reflect the bill as currently amended.) LB 432, which [...]
Economic development and growing Nebraska’s economy is a common refrain every legislative session and this year is no exception. Economic growth has been cited as a reason to advance legislation related to [...]
The most expensive of the CARES Act tax changes -- accounting for roughly 75% of the three-year total revenue loss -- is excess business loss provisons, which only benefits the wealthy. Read more about the provision in this policy brief.
We discuss some of the priority bills that relate to OpenSky’s work and what position we have taken on them.
LB 615 provides large tax cuts to wealthy Nebraskans, does little for the middle-class or small businesses and does not provide meaningful property tax relief.
LB 314 would help reduce Nebraska’s reliance on property taxes while also protecting our investments in K-12 education and other vital services.
Nebraska’s long struggle with high reliance on property taxes to fund K-12 education has been well documented. It’s been noted in every major study of Nebraska taxes since 1962 and continues to frustrate taxpayers, legislators and school officials alike. A local option income surtax – such as that proposed in LB 182 -- could reduce our reliance on property taxes by bringing more income tax revenue into the way schools are funded.
In OpenSky’s latest Issue Brief, we examine how Nebraska taxes businesses as well as some of the questions and concerns that surround this part of our tax code.
Fiscal policy proposals and issues that face the Legislature nearly every year are the focus of OpenSky’s new Issue Brief series.