Lawmakers have introduced two tax reform measures championed by Nebraska Gov. Dave Heineman.
State Sens. Beau McCoy and Brad Ashford, both of Omaha, submitted the proposals on Tuesday. One option would eliminate the state's income tax and make up the lost revenue by ending $2.4 billion in state sales tax exemptions.
The other would reduce the amount of income taxes paid by retirees, while getting rid of about $395 million in sales tax exemptions.
Heineman, a Republican, argued in his State of the State address that Nebraska's current tax system is outdated and needs an overhaul. Many of the sales-tax exemptions now on the books were enacted in 1967.
Heineman has said he wants a public debate about the exemptions, though he opposes lifting a sales tax exemption for food.
Half Price Gift Certificates
Poll Question
Special Features
Most Viewed
- Update: Name Released in Columbus Murder Investigation
- Employees Saddened by Death of Sergeant Tom Hamm
- Lincoln Man Arrested After Police Chase Near 27th and Fletcher
- Yearbook Vandalism at Irving Middle School Targets One Student
- Semi Truck Crash Reroutes Interstate Traffic
- Car Crashes Down In Lincoln
- Mommy Makeover of Nancy Luetchens
- UNK Professor Arrested for Child Pornography
- 3 People from Beatrice Join Forces to Help Storm Victims
- York Police Search for Driver in Wal-Mart Parking Lot Hit and Run
Most Commented
powered by Disqus
BuyItNebraska
-
Spray On Bathtub Refinishing Paint Kit
-
Non Slip Self Adhesive Bathtub Mat Peel And Stick
-
Countertop Repair Kits Fix Holes Chips Burns Cuts
-
Fiberglass Bathtub Cracked Floor Repair Inlay Kit
-
Brush Roll On Bathtub Refinishing Paint Kit
-
Nebraska Bathtub Refinishing Referral Network
-
Porcelain Bathtub And Tile Chip Rust Crack Repairs
-
Sectional
