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Tag: Revenue Committee

Chairperson Gloor and members of the Revenue Committee: I write today on behalf of the Lincoln Independent Business Association (LIBA) in opposition to LB 280 because it redirects school aid away from resource-poor districts and demands local taxpayers make up the difference. The Tax Equity and Educational Opportunities Support Act or TEEOSA formula, though not simple itself, distills into one simple equation: student needs – local resources = state equalization aid. Its purpose is to …

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Senator Hadley and Members of the Revenue Committee: The Lincoln Independent Business Association supports LB 1097 because its tax cuts will ease the high tax burden on Nebraskans and Nebraska businesses, increase the competitiveness of Nebraska businesses in today’s mobile economy and grow our tax base. Nebraska’s current tax code is ranked the 21st most burdensome in the country and is measurably more burdensome than each of the six states sharing borders with Nebraska. Nebraska …

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