LINCOLN, Neb. (AP) — A
bill that would have used Nebraska's tax system as a kind of investment
vehicle to build roads has failed to advance in the Legislature.
Lawmakers voted 22-15 for the bill on Monday, three votes short of the minimum it needed to advance.
measure by Sen. Paul Schumacher would have given state taxpayers the
option to pay more up-front, in exchange for an inflation-adjusted
credit that they could use to lower their future tax liability.
Schumacher argued that the bill would generate more up-front cash for roads projects, which are cheaper now than in the future.
said that the bill would disrupt the state budget. Some argued that it
was a back door-attempt to allow bonding, which the state constitution