Institute on Taxation and Economic Policy

Nebraska

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Policymakers Unwisely Propose Cutting Property Taxes in Favor of Sales Taxes

January 14, 2025 • By Rita Jefferson

Lawmakers across the country are taking aim at property taxes with a new strategy: raising sales taxes instead. Doing so would create a regressive tax shift that puts unfair burdens on renters and reduces the strength of local government revenues.

ITEP Work in Action  

OpenSky Policy Institute: Modeling Details How Amended Tax Package Would Impact Nebraskans

April 18, 2024 • By ITEP Staff

Most Nebraskans who claim the state income tax credit on property taxes paid to public schools will see little change in what they pay resulting from the tax package to be debated today, the final day of the Legislative session. But for Nebraska’s lowest-income earners – households making less than $30,000 annually – the impact of […]

ITEP Work in Action  

OpenSky Policy Institute: Proposed Property Tax Breaks Benefit Wealthy While Restricting School Revenue

May 11, 2023 • By ITEP Staff

The Legislature on Wednesday and Thursday will consider property tax breaks and corresponding income tax cuts that together would restrict the revenue that’s available to fund important programs that all Nebraskans rely on for years to come. Read more.

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OpenSky Policy Institute Webinar: Data Shows Child Tax Credits Benefit Hardworking Families

March 27, 2023 • By ITEP Staff

New evidence on child tax credits at the federal level has shown “stunning” results in lifting children out of poverty throughout the country and a state-level policy could continue that momentum, benefiting a broad range of families, panelists including ITEP State Policy Director Aidan Davis said in a February 8 webinar.

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OpenSky Policy Institute: Policy Brief: Consumption Tax

March 3, 2023 • By ITEP Staff

The consumption tax proposal in LB 79 would require a rate of 22.1 percent to be revenue neutral, OpenSky analysis conducted with the Institute on Taxation and Economic Policy finds. This rate is nearly three times greater than what is proposed in the bill. Further, OpenSky estimates that if the consumption tax were to be […]

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Open Sky Policy Institute: Major Tax and Education Plans Would Quickly Drain Flush State Coffers

January 23, 2023 • By ITEP Staff

The cost of high-profile K-12 finance and tax packages introduced this week would entirely consume the projected $1.9 billion that lawmakers have to enact new legislation in the current two-year budget cycle and then some. Read more.

ITEP Work in Action  

Open Sky Policy Institute: Most Nebraskans Left Behind by Income Tax Cut Bills

February 4, 2022 • By ITEP Staff

Non-Nebraskans, corporations and wealthy residents would be big winners under the latest income tax cuts proposed in in LB 938 and LB 939. Meanwhile, the bills – which would ratchet the state’s top corporate and personal income tax rates to 5.84% over four and three years respectively – offer most Nebraskans little tax savings while depleting revenue needed […]

ITEP Work in Action  

Open Sky Policy Institute: LB 64: A costly measure that is unlikely to impact retiree migration

May 11, 2021 • By ITEP Staff

LB 64, a bill slated for second-round debate on today’s legislative agenda, is a costly measure that would give wealthy retirees a sizable tax break under the premise of keeping them from fleeing to other states. Few retirees, however, are likely to flee regardless of what happens to our tax code and those who do […]

ITEP Work in Action  

Open Sky Policy Institute: Policy brief — LB 432: A big tax cut for corporations

May 6, 2021 • By ITEP Staff

LB 432, which will soon be up for debate on select file, would give a sizable tax cut to corporations and their shareholders. The vast majority of the tax cut would go out of state and the revenue losses created by the bill would threaten services that Nebraskans need. Read more