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Chamber & County News


Governor's income tax plan has strong support from business community

(AP/ -- The AP reports on Gov. Pete Ricketts' income tax relief plan, which "drew cheers from Nebraska's business community when he announced it last month." As the article points out, the income tax plan would gradually lower Nebraska's top income tax rate in eight steps, "from 6.84% to 5.99%, in years when projected state revenue increases by more than 3.5%." Nebraska's current 6.84% individual income tax rate is 15th highest in the country and it takes effect on just over $29,000 of income. The story quotes Nebraska Chamber staff who said the governor's plan is reasonable, noting that "Nebraska businesses consistently rank the state's tax climate as one of their top concerns, second only to workforce development."