Institute on Taxation and Economic Policy (ITEP)

Nebraska

Most States Used Surpluses to Reduce Taxes But Not in Sustainable or Progressive Ways

The average person on the street would have no idea that many states experienced unprecedented budget surpluses this year. Iowa, for instance, has the most structurally deficient bridges of any state with nearly 1 in 5 falling apart. The Iowa Board of Regents proposed a 4.25 percent tuition increase for all three state universities and […]

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State Rundown 4/20: New Tax Changes in Full Bloom

April 20, 2022 • By ITEP Staff

State Rundown 4/20: New Tax Changes in Full Bloom

This Spring looks to be bringing a mix of showers and flowers as states around the nation continue to act on a range of tax proposals...

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State Rundown 4/6: Late-Session Surprises Pt. 2

April 6, 2022 • By ITEP Staff

State Rundown 4/6: Late-Session Surprises Pt. 2

Last week we highlighted how several states were pushing through regressive tax cuts as their legislative sessions are coming to a close. Well, this week many of those same states took further actions on those bills and it’s safe to say we’re even less impressed than before...

State Rundown 3/30: Late-Session Surprises Leave Us Unimpressed

Several states have dropped a few late-session surprises, and from the looks of it, they’re not the good kind...

State Rundown 3/23: Spring Brings More Tax Happenings

Spring is around the corner and like those pesky allergies that come along with it, equally pesky tax proposals continue to pop up in states across the U.S....

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State Rundown 3/2: State Tax News When You Need It

March 2, 2022 • By ITEP Staff

State Rundown 3/2: State Tax News When You Need It

ITEP is happy to announce the launch of our new State Tax Watch page, where you can find out about the most up-to-date tax proposals and permanent legislative changes happening across the country...

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State Rundown 2/23: Temporary Surplus, Permanent Cuts

February 23, 2022 • By ITEP Staff

State Rundown 2/23: Temporary Surplus, Permanent Cuts

Several state legislatures are continuing to push ahead this year with significant tax cut packages that are regressive and would dramatically reduce revenues and leave states in a bad position should they experience another unexpected economic shock...

State Rundown 2/16: Spending Priorities Emerge as the Votes Are Counted

State lawmakers have been busy working out deals and negotiating how best to use excess revenues, and as the votes are beginning to come in, spending priorities are becoming clearer...

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State Rundown 2/10: Dems Also Set Sights on Tax Cuts

February 10, 2022 • By ITEP Staff

State Rundown 2/10: Dems Also Set Sights on Tax Cuts

While record state revenue surpluses have led to big pushes in red states to make unnecessary permanent income and corporate tax cuts, Democrats are also getting in on the tax-cut mania...

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

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 […]

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State Rundown 2/2: The First Tax Cut Domino Falls…

February 2, 2022 • By ITEP Staff

State Rundown 2/2: The First Tax Cut Domino Falls…

One-time payments have become a common theme around the country, as Idaho is one of roughly eleven states with plans to provide tax relief in a similar fashion...

State Rundown 1/26: States Offering Preview of Tax Themes and Trends for 2022

Governors and legislators are beginning to settle on and advance tax bills that could drastically shape the future of their states and several trends and themes are beginning to emerge...

State Rundown 1/20: Governors Eyeing Tax Cuts in Yearly Addresses

A common theme is emerging out of states, as governors around the U.S. begin the year with their annual state speeches, and the news does not bode well for long-term growth and sustainable budgets...

State Rundown 1/13: The Tax Cuts Cometh, But There Is a Better Way

As expected, with the start of many new legislative sessions around the country, lawmakers have introduced a slew of tax cut plans following better-than-expected budget outlooks that have, so far, weathered the impact of the pandemic...

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State Rundown 11/23: Thankful for Tax Advocates Like You!

November 23, 2021 • By ITEP Staff

State Rundown 11/23: Thankful for Tax Advocates Like You!

Here at ITEP we want to give thanks and say we’re grateful for all of the hard work that advocates in states across the country are doing to secure progressive tax policy victories...

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State Rundown 10/27: Pumpkin Spice & Everything Nice

October 27, 2021 • By ITEP Staff

State Rundown 10/27: Pumpkin Spice & Everything Nice

The end of Spooky Season is near but that hasn’t stopped state lawmakers from adding their frightening plans into the bubbling cauldron of bad tax policy ideas...

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State Rundown 10/13: Haven Sent Edition

October 13, 2021 • By ITEP Staff

State Rundown 10/13: Haven Sent Edition

The release of the ‘Pandora Papers’ showed once again that states and their tax systems play an important role in wealth inequality, and in this case, worsening it...

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State Rundown 8/18: End of Summer Tax Update

August 18, 2021 • By ITEP Staff

State Rundown 8/18: End of Summer Tax Update

Summer is quickly (and sadly) coming to an end and if you’ve been away enjoying the great outdoors or off the grid, we’re here to help keep you up to date on what’s been happening on the tax front around the country...

State Rundown 8/4: Tis the Season…for Unnecessary Sales Tax Holidays

It’s beginning to look a lot like that time of year again. That’s right, it’s sales tax holiday season and states across the country are doing their best to induce spending that would probably occur regardless...

State Rundown 5/27: State Legislatures Step Back, Advocates Push Forward

As more and more state legislatures wrap up their sessions and we reflect on the whirlwind that is this past year, it’s easy to focus on the steps back that states like Oklahoma have taken and Nebraska, North Carolina, and Arizona are trying to take. We have had some significant wins in states over the course of the year, but not every development will be a good one. However, we know advocates are on the ground, working tirelessly to help states maintain equity and progressivity in their tax codes. And for that, we have many of you—our intrepid readers of…

State Rundown 5/20: You Learn Something New Every Tax Day

“Tax Day” was earlier this week but the debates, research, and advocacy that determine our taxes and how they are used take place every day of the year...

State Rundown 5/13: States Get Federal Aid and Guidance as Many Sessions Wind Down

We had our noses buried in new American Rescue Plan guidance...when we heard the refreshing news that Missouri leaders are on the verge of modernizing their tax code, not only by becoming the final state to apply sales taxes to online purchases, but also by enacting an Earned Income Tax Credit (EITC)...Meanwhile, tax debates are also highly active in California, Colorado, Louisiana, Maine, and Nebraska. We also share some of our own reporting on recent efforts in Arizona and several other states to undermine voter-approved reforms and democratic institutions themselves.

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

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 […]

State Rundown 5/6: April Showers Bring Weeds As Well As Flowers

This week’s state fiscal news brings a reminder that even though advocates for great economic and racial justice have won some major progressive victories recently, anti-tax zealots have been hard at work too. Lawmakers advanced or enacted troubling regressive tax cuts or shifts in Idaho, Kansas, and Montana, and are actively debating them in Iowa, […]

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

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