State senators look at tax reform - News, Weather and Sports for Lincoln, NE; KLKNTV.com

State senators look at tax reform

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By: Jenn Hatcher
jhatcher@klkntv.com

Lowering Nebraska's taxes is a hot topic, one group says it has a plan.

The Platte Institute shared it's latest study Thursday.

They're a non–profit economic research firm out of Omaha.

Three state senators stood by, (Executive Director) Jim Vokal's side as he presented the plan.

Basically, it would bring down the top income tax rate of  6.84% to lower than 5.5%.

Plus, reduce individual and corporate taxes.

All options would bring rates more in line with neighboring states.

There were no endorsements, just agreement that the study is a step in the right direction.

Senator Charlie Janssen says, "It's not going to be easy but I appreciate someone stepping forward and Platte Institute stepping forward and taking a wack at this."

The goal that we'll have is crafting the best suited legislation to meet the needs of Nebraskans for this next session," says Senator Pete Pirsch.

And Senator Bill Kitner says, "People vote with their feet, because we have an out migration of people over 60 that ought to tell us something."

Vokal says states with no income tax are seeing population growth faster than the national average.

Click here if you'd like to view the full study.

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