Nebraska Sales Tax Bill Advances Amid Property Tax Concerns
The proposed sales tax increase aims to alleviate soaring property taxes but faces criticism for potentially burdening lower income residents.
- Nebraska lawmakers advanced a bill to raise the state's sales tax by 1 cent to 6.5%, aiming to address soaring property taxes.
- The bill includes new taxes on candy, soda, and a 100% tax on hemp and CBD products, but cuts sales tax on utility bills.
- It seeks to alleviate the burden on lower income residents by exempting grocery food items from the sales tax increase.
- Critics argue the sales tax hike would disproportionately affect lower income populations, despite efforts to target higher income residents.
- The bill must survive two more rounds of debate before the legislative session ends on April 18 to become law.