Report says no major changes needed in state tax system - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Report says no major changes needed in state tax system

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Posted By:  KLKN Newsroom
8@klkntv.com

LINCOLN, Neb. (AP) _ The Legislature's Tax Modernization Committee has concluded that no major changes are needed in Nebraska's tax system.

The committee report released Friday says the system is comparable to other states. Most committee members agreed that the current tax code generally meets the study's goals, which included fairness, stability and competitiveness.

The report says taxes are higher than average in some areas. Property taxes are greater than both the national average and that of most of Nebraska's bordering states. Lawmakers also concluded that income tax brackets have not kept pace with inflation.  

The six-month study also found that Nebraska's sales-and-use tax base has been narrowed and expanded over the years, but it's still similar to Nebraska's border states.  Ten lawmakers signed the report. Four did not.

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