Nebraska Unicameral narrowly votes down consumption tax Brian Mastre © Provided by Omaha WOWT Consumption tax in Nebraska
LINCOLN, Neb. (WOWT) - Nebraska state senators narrowly rejected a resolution Wednesday that called for a dramatic change in the way state residents pay taxes. A constitutional amendment would be used to establish a consumption tax. It fell two votes short of advancing on the first round. Ultimately, the issue would have gone to voters in November 2022.
But the idea of the consumption tax isn’t quite dead yet: a candidate for governor wants to get it adopted.
So how exactly would this have worked?
Sweeping tax overhaul hits a wall
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Republican gubernatorial candidate endorses revolutionary new state consumption tax
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2 hours ago in Agriculture Photo: WNAX
Legislation designed to fix Nebraska’s tax system is expected to be heard on the Senate floor sometime this week. State Senator Steve Erdman has proposed a ballot issue calling for a consumption tax to replace the state’s broken system of income, property and sales taxes. He says his measure is gaining momentum with lawmakers and with one of the candidates running for Governor.
He says he’s been trying to come up with a measure to fix the state’s tax system and two years ago one of his attempts failed.
Erdman says the only way to correct the state’s broken tax system is to get rid of property taxes altogether and replace it with the consumption tax.