Legislation to reduce the state's top corporate income tax rate was also sent to the floor of the Legislature by the Revenue Committee, which discussed the idea of advancing a consumption tax proposal.
Sen. Curt Friesen of Henderson warns that state spending or reduction of revenue could endanger a legislative commitment to continue reducing property taxes.
"We do have an aging demographic in our state," Sen. Brett Lindstrom of Omaha told the Legislature's Revenue Committee in urging action to encourage retirees to remain in Nebraska.
While most states rely heavily on three sources of taxes, many of the lowest-tax states for residents generate tax revenue in ways that do not financially burden those residents in a direct way.
Q: My partner and I plan to purchase a duplex with friends. We would live on one side, and our friends (who already own their forever home) would rent out the other side. Eventually we plan to purchase a home for ourselves and rent out both sides of the duplex.
Pay raises can be hard to come by, especially now. But if you received a big tax refund this year, getting more take-home pay next year could be a matter of filling out a form.
Depending on local tax rates and home values, property taxes can account for a substantial portion of housing costs. Living in a high-tax state has become increasingly more expensive.
TRUMP on his taxes: "They keep talking about $750, which I think is a filing fee. ... Tens of millions of dollars (in income taxes) I prepaid.…
Q: Is mortgage interest still deductible on our federal income taxes? Is there something new that I am not aware of? Is there some reason to not have a mortgage that is different from what we’ve always believed?
Trump paid $750 in taxes in 2016 and again in 2017, but paid no tax most years, according to a report Sunday in The New York Times. A lawyer for Trump called the report inaccurate.
LINCOLN, Neb. (AP) — Despite an effort to unite Nebraska farmers and business owners behind a sweeping tax plan, the groups remain sharply div…
LINCOLN — Nebraska lawmakers started sorting through income and property tax proposals on Tuesday in hopes of building a comprehensive package…
LINCOLN — Nebraska collected $233 million in net tax revenue in October, right on par with projections.