He is not willing to provide specifics, yet. But Gov. Dave Heineman appears ready to again propose the legislature lower taxes.
Heineman, during his State of the State address to the Unicameral last session, proposed a $326 million tax cut package. Heineman proposed cutting every personal income tax bracket and reducing the corporate tax to the same level as that paid at the highest individual income bracket. He also proposed eliminating the inheritance tax, collected by the counties.
Legislators, under pressure from county officials, balked at getting rid of the inheritance tax. They also worried about the impact the total package would have on state revenue, still weak after the 2008-2009 recession. The package that eventually passed (LB 970) totaled $97 million over three years.
Heineman says tax relief remains a priority.
“I still hear, and despite of all the progress we’ve made, taxes are too high in this state,” Heineman tells reporters on a conference call. “According to the Tax Foundation, we are 31st out of 50 states. Again, we used to be 45th. We’ve made a lot of progress the last eight years, but 31st isn’t good enough.”
At the time of the bill signing, Heineman called last session’s tax cut a “down payment” on tax relief for the future.
AUDIO: Brent Martin reports [:45]