New Report Shows There's No Easy Way to Compare Nebraska Tax Inc - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

New Report Shows There's No Easy Way to Compare Nebraska Tax Incentives

Posted: Updated:

LINCOLN, Neb. (AP) — State officials say they don't have enough information to measure how well Nebraska's tax incentives stack up against others in the Midwest and Plains.

A legislative report released Wednesday found that Nebraska offers fewer tax credits for business investors than other nearby states. Nebraska was the only state out of 10 reviewed that did not offer exemptions for corporate income or inventory taxes.

But lawmakers say the state programs vary so widely that it's difficult to tell whether Nebraska has gained an edge. The Legislature's Performance Audit Committee looked at the incentives offered by Arkansas, Colorado, Iowa, Kansas, Missouri, Oklahoma, South Dakota, Texas and Wyoming.

The committee chairman, Sen. John Harms of Scottsbluff, says his staff is looking at specific goals to measure whether the tax incentives work as intended.



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.