Nebraska lawmakers reviewing options for online sales taxes
LINCOLN, Neb. (AP) — Now that states are free to collect sales taxes from out-of-state online retailers, Nebraska lawmakers are trying to decide who should pay them and what to do with any extra revenue.
Members of the Revenue Committee heard a variety of suggestions Thursday at a legislative hearing on three bills.
Some lawmakers want to use the revenue to reduce property taxes, although it's not clear how much they'll have at their disposal.
Nebraska state tax collections below projections in December
LINCOLN, Neb. (AP) — Nebraska state government collected less tax revenue than expected in December.
The Nebraska Department of Revenue reported Tuesday that net receipts for the month totaled $387 million, which is nearly 9 percent below official state estimates of $425 million.
The monthly report says net sales-and-use, individual income and miscellaneous taxes were all below projections. Net corporate income taxes were higher than expected for the month.
More online retailers to start collecting Nebraska sales tax
LINCOLN, Neb. (AP) — More online retailers are planning to collect Nebraska sales tax starting in 2019, so residents might see their totals rise a bit when they check out.
New Year's Day is the deadline for larger online retailers to start collecting sales taxes from Nebraska residents although some sites, including Amazon, had already previously started doing so.
LINCOLN, Neb. (AP) — A legislative committee is declining to call for a tax-focused special session, despite uncertainty over whether Nebraska needs new laws to collect online sales tax revenue.
Members of the Tax Rate Review Committee ended their meeting Monday without making any recommendations. The committee meets twice a year to review state revenue estimates and determine whether tax rates need to be changed.
OMAHA — The state of Nebraska's efforts to regulate the Winnebago Tribe's production of tobacco products on its reservation are not only unconstitutional, a federal lawsuit says, but are an attack on the tribe's sovereignty and an effort by large tobacco manufacturers to use state laws to "bootstrap" a federal tobacco settlement to Indian tribes.
OMAHA, Neb. (AP) — A Native American tribe is suing Nebraska officials, alleging that state regulation of the tribe's tobacco production is unconstitutional.
Nebraska’s March tax receipts were 9.5 percent below certified forecast
LINCOLN — State tax collections for the month of March fell below what was expected, a new report shows.
The State Department of Revenue released a report Friday that shows that net general fund receipts were down $32 million, or 9.5 percent below the certified forecast from November.
Net tax receipts were $5 million below the most recent forecast made in February.
But the report also shows that net tax receipts are 1.6 percent above projections for the year.
Ricketts looks to avoid revenue surge from federal tax law
LINCOLN, Neb. (AP) — Gov. Pete Ricketts is looking to avoid an estimated $220 million state revenue windfall that will take place if Nebraska doesn't adjust its tax system to account for the new federal tax law.
LINCOLN - State revenues rose dramatically in December, but state officials are downplaying the numbers.
December net tax receipts totaled $415 million in December, up nearly 10% from the forecast.
Yet, State Tax Commissioner Tony Fulton issues a caution.
LINCOLN — December appeared to be a better month for the state of Nebraska's tax collection, according to a state Revenue Department report.
But state Tax Commissioner Tony Fulton "extended a note of caution" about just how the tax numbers can be interpreted.
SALT deduction change spurs taxpayers to pay estimated taxes this year
LINCOLN - A threat to the state and local tax (SALT) deduction from the federal tax reform effort has some people paying their taxes now.
Taxpayers who itemize their taxes can deduct state and local property, income, or sales taxes.
Congressional negotiators are debating how much of a tax break that should be in the future.
Nebraska Tax Commissioner Tony Fulton says that has some people interested in paying their estimated taxes before year’s end.
LINCOLN - Nebraska’s tax revenue last month missed the forecast amount by a fraction.
Tax Commissioner Tony Fulton says net receipts were $376 million, which is 0.6 percent below what was expected.
“That’s good news,” Fulton tells Nebraska Radio Network. “It looks like our receipts are tracking with respect to projections. In that regard, we’ll just have to wait and see how future months are.”
Technology helps Nebraska tax auditors target non-filers
LINCOLN, Neb. (AP) — Taxpayers who have avoided filling a return in Nebraska in recent years could find themselves facing greater scrutiny thanks to new technology adopted by the state revenue department.
The Nebraska Department of Revenue is ramping up its efforts to go after non-filers and others who are suspected of owing a large tax debt, using a data analysis service that helps auditors decide where to focus their efforts.
Nebraska tax collections are $18 million behind projections so far this fiscal year
LINCOLN — Just two months into the new fiscal year, a new report shows that Nebraska tax collections have fallen $18 million behind projections.
In a report issued Friday, the Nebraska Department of Revenue said net general fund tax receipts for August totaled $405 million.
That’s $10.4 million — or 2.5 percent — less than had been expected for the month.
For July and August combined, tax collections were down by 2.6 percent compared with projections. The state’s new fiscal year started July 1.
Amazon to collect sales taxes on purchases in Nebraska
LINCOLN, Neb. (AP) — Online retailer Amazon plans to start collecting sales taxes on purchases in Nebraska on Jan. 1, the company announced Friday.
The decision could generate millions of dollars in additional tax revenue for the state, although precise estimates aren't yet available.
- Norfolk Daily NewsState tax receipts down for third straight month in DecemberJanuary 17, 2019
- Norfolk Daily NewsNebraska gas tax increasing 1.6 centsJanuary 3, 2019
- Norfolk Daily NewsMany online retailers to start collecting sales tax from Nebraska customers in 2019January 1, 2019
- Norfolk Daily NewsNebraska gas tax will rise 1.6 cents a gallon at start of next yearDecember 23, 2018
- Norfolk Daily NewsTax Commissioner Tony Fulton remarks on October state revenues falling below projectionsNovember 20, 2018