Stateline Midwest ~ April 2013
Plans in 2013 include expanding sales tax base, raising severance tax, cutting income taxes and adding tax brackets
Sen. Beau McCoy calls it a once-in-a-generation opportunity for himself and other Nebraska policymakers: the chance to pore over the state’s entire tax structure, and reform and modernize it.
But as he has already found after introducing an overhaul this year, there are reasons why major shifts in tax policy sometimes occur only once every few decades.
“The more we, or at least I, spend on this, the more you realize how difficult it is for states to make big changes to their tax structures,” he says. “There are so many moving parts.”