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Better Than Expected Tax Collections for Nebraska in March | Rural Radio Network

Better Than Expected Tax Collections for Nebraska in March

Better Than Expected Tax Collections for Nebraska in March

LINCOLN (AP) – Nebraska state government had better-than-expected tax collections in March despite a surge in unemployment and widespread hardship caused by the new coronavirus. The Nebraska Department of Revenue reports net tax collections of $380 million, which is about 12% higher than the projected
forecast of $339 million. The department says net individual and corporate income taxes, net sales-and-use taxes and net miscellaneous taxes were all higher than projected in March. Net tax collections are also higher than expected in the current fiscal year, which ends June 30. Department of Revenue spokeswoman Lydia Brasch says the March numbers are a reflection of the economy
before the outbreak.

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