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.
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 [...]
Projections showing future increases in retirement-aged Nebraskans and declines in working-age residents contribute to sustainability concerns about the full-exemption of Social Security income proposed on LB 825 – a bill before the Revenue Committee [...]
LB 364, a bill on today’s Legislative agenda, could allow taxpayers to direct up to half their income tax dollars to private school scholarship funds. The measure would allow taxpayers to deduct the full [...]
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 [...]
The Nebraska Legislature will soon debate LR 11CA, a measure that would make income, corporate, property, inheritance, estate and sales taxes unconstitutional in Nebraska and require the Legislature enact a consumption tax [...]
LB 432, as amended by AM 774, will be up for debate early this week and would give a sizable tax cut to corporations and their shareholders. While the vast majority of the [...]