Nebraska Tax Revenue Misses Mark
LINCOLN (AP) - Nebraska state tax revenue tumbled below projections in July, missing the mark by 9.6 percent. The revenue report released today by the Revenue Department indicated gross tax receipts were 3 percent below projections that form the baseline for the state budget. Income from sales and individual income taxes were below projections, while corporate income-tax receipts surpassed projections. But a $19 million refund to corporations under the state's business-incentive programs undercut net corporate-income receipts. The figure included accumulated refunds from previous years.
