Governor Dave Heineman will appear before the Unicameral's Revenue Committee today (Wednesday) to talk about his proposal to eliminate the state income tax and replace it by expanding the sales tax
Governor Dave Heineman will appear before the Unicameral's Revenue Committee today (Wednesday) to talk about his proposal to eliminate the state income tax and replace it by expanding the sales tax. Senator Tyson Larson of O'Neill says the governor's proposal would hurt farmers.
Sen. Tyson Larson "in the state"
Heineman's proposal would eliminate most business sales tax exemptions as well as sales tax breaks enjoyed by farmers in order to pay for the elimination of the state income tax.
Governor Heineman makes his pitch to legislators today to kill the state's income tax, speaking before the Revenue Committee. The governor's plan would eliminate some tax breaks that farmers enjoy, which is troubling to Senator Tyson Larson of O'Neill:
Larson "Omaha or Lincoln"
Several tax breaks on farmers would vanish under the governor's proposal, including an exemption on ag chemicals, fuel, seeds, combines and other big-ticket farm equipment.
Governor Heineman's plan to eliminate the state's income tax would vaporize several tax breaks now enjoyed by famers. Senator Tyson Larson of O'Neill says the governor should rethink some of the sales tax exemptions in his proposal.
Larson "this nature"
Nebraska's individual and corporate income tax generates two-point-four billion dollars a year while the state grants five-billion in sales tax exemptions. The governor proposes eliminating an equivalent amount of sales tax exemptions to offset the loss of income tax revenue.
(courtesy of Nebraska Radio Network)