Nebraska Governor Heineman recently announced proposals
to overhaul the Nebraska tax structure.
The proposals generally focused on
reducing or eliminating the corporate and personal income taxes as well as
eliminating certain sales tax exemptions. The proposals were formalized in two
bills introduced in the Nebraska legislature in late January, LB 405 and LB 406.
On Saturday, February 16, 2013, Governor Heineman held a press conference where
he stated that he has asked the tax policy committee to kill both bills so as to
start a new and more inclusive discussion regarding Nebraska tax reform.
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