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Nebraska’s tax collections beat expectations in April | Rural Radio Network

Nebraska’s tax collections beat expectations in April

Nebraska’s tax collections beat expectations in April

Lincoln, Neb. — A new report says Nebraska state government collected far more in taxes than expected last month.

The Department of Revenue said Wednesday that net tax collection in April totaled $660 million, which is 15.1% above the certified forecast of $573 million.

The department says net sales and use, individual income, corporate income and miscellaneous taxes were all higher than expected.

Nebraska has collected about $3.93 billion in the current fiscal year, which ends June 30. That’s 2.6% above the state’s certified forecast.
The forecasts are set by the Nebraska Economic Forecasting Advisory Board.

State officials had predicted April’s tax collections would be higher because of many taxpayers filing their income tax returns.

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