A core function of OpenSky Policy Institute is to provide reliable data, information, and solutions regarding revenue proposals and existing policies in an effort to put the state on a sustainable long-term growth path that balances the needs of its citizens with the capacity of the revenue structure.
LB 939 was pulled from the second-round of Legislative debate on Tuesday but most of its tax-cut provisions have been moved into LB 919 under AM 2513. This bill could be up for first-round debate in [...]
LB 939 – a bill to cut corporate and personal income taxes – is on Tuesday’s Legislative agenda and also will be the focus of a Monday briefing with Senator John Cavanaugh and co-sponsored by [...]
Direct payments to Nebraskans – as proposed in AM 2414 to LB 939 – would be a more direct way to help Nebraskans – and particularly low- and middle-income residents – than [...]
Nebraska legislators and legislative committees have designated their priority bills for the session. Priority bills are placed ahead of non-priority bills on the legislative debate schedule, so receiving a priority designation increases [...]
The Nebraska Economic Forecasting Advisory Board will update its state revenue projections today. The board’s actions are likely to have a major impact on the remainder of the legislative session as legislators [...]
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 [...]