Report: Majority Of Nebraskans Support Expanding Sales Tax To Reduce Property Taxes

The Platte Institute states in the paper that lasting cuts to property taxes without raising the state tax rate will require the elimination of current sales tax exemptions for consumer goods and services.  “We feel an appropriate replacement for the property tax in Nebraska is an expansion of the sales tax base”, Curry said.

We don’t support an increase in the state sales tax rate.  That way we’re replacing one steady revenue source with another.  Revenues from ending the exemptions should be used to reduce property and sales tax rates.

The full report “Get Real About Property Taxes: 2nd Edition” is available at the organization’s website: platteinstitute.org/policy

Weinberg said it’s the organization’s hope the report will be an effective tool for legislators to use in designing real property tax reform once the Legislature reconvenes next January.