OpenSky Policy Institute: Modeling Details How Amended Tax Package Would Impact Nebraskans
ITEP Work in ActionMost 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 proposed changes to the sales tax base and to some excise taxes will, on average, be greater than any savings that they might see through property tax reductions or an increase in the Earned Income Tax Credit on their state income tax return.