Expert Advises Nebraska Lawmakers Not to Tax Business Inputs - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Expert Advises Nebraska Lawmakers Not to Tax Business Inputs

Posted: Updated:

LINCOLN, Neb. (AP) — A sales-tax expert says Nebraska should avoid taxing equipment and raw materials that are used to produce consumer goods.

Indiana University professor John Mikesell told lawmakers Wednesday that the state should focus instead on taxing products once they're bought for household use. Mikesell says businesses that are taxed during production pass the expense along to consumers through higher prices.

His comments came during a meeting of the Legislature's Tax Modernization Committee, which is looking for ways to make Nebraska's tax system fairer, more efficient and competitive.

Mikesell says a retail sales tax driven by household consumption is a better way to finance government, and does less to stifle economic growth.

He also suggested taxing food, though lawmakers say that idea is a tough sell.



Copyright 2013 The Associated Press.

Untitled Document


Powered by WorldNow
General and news information or questions:
Across the Midlands Information:
Phone: 308-743-2494
News Fax: 308-743-2660
All content © Copyright 2000 - 2014 WorldNow and NTV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.