Lawmakers Approve Nebraska Governor's Tax Cut Plan

By: Associated Press
By: Associated Press

Nebraska lawmakers have approved Gov. Dave Heineman's plan to cut personal income taxes.

The slimmed-down proposal advanced through its final required vote on Thursday, 39-9.

The package that Heineman pitched in January would have included cuts to individual and corporate income taxes, as well as the elimination of a county inheritance tax.

But opponents said the proposal would threaten the state's long-term financial strength and take money from schools and social services.

The original plan would have cost the state $327 million over three years.

The version now heading to Heineman's desk would only cut individual income taxes, at a cost of $97 million over that period.

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