LINCOLN, Neb., Oct. 30, 2014—The nonpartisan Tax Foundation this week released its 2015 State Business Tax Climate Index, and the report ranked Nebraska just 29th best in the nation, but that is a five-place improvement over last year’s ranking.
The index measured a state’s corporate taxes, individual income taxes, sales tax, unemployment insurance tax and property-tax rank to come up with an overall score. “Nebraska improved five ranks overall, from 34th place to 29th, due to improvements in its corporate and individual income tax systems, including reform of corporate net operating loss carryforwards, a repeal of the individual alternative minimum tax, and indexation of the brackets of the individual income tax code,” wrote the report’s authors.
“I think we might be in even better shape when the Tax Foundation takes our pulse for next year’s index,” said Bob Hallstrom, Nebraska state director for the National Federation of Independent Business. “Reports of this kind are reliant on data that is not always reflective of recent changes, such as the $400 million in tax relief over five years that passed during the last session of the Legislature. Nebraska is rapidly becoming a better place to do business in. We have to get better, because five of the six states bordering us have higher rankings.”
With 350,000 dues-paying members across the nation, including nearly 5,000 in Nebraska, NFIB is the nation’s largest and leading small-business association. More information about small business, especially its difference from big business, can be found in this media kit with brief, single pages of bulleted information.
###
For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB annually surveys its members on state and federal issues vital to their survival as America’s economic engine and biggest creator of jobs. NFIB’s educational mission is to remind policymakers that small businesses are not smaller versions of bigger businesses; they have very different challenges and priorities.
National Federation of Independent Business/Nebraska
233 South 13th St., Suite 700
Lincoln, NE 68501-0008
402-474-3570
