Income-tax-relief proposal will help spur state’s economy
LINCOLN, Neb., Jan. 30, 2017—Bob Hallstrom, Nebraska state director for the National Federation of Independent Business (NFIB), issued the following comment on Gov. Pete Ricketts’ press conference, today.
“Most small businesses are pass-through entities, resulting in owners paying taxes on business income at their individual income tax rate. The governor’s income-tax-relief proposal will allow small-business owners to put the tax savings back to use in their businesses and will help spur the state’s economy.”
The governor’s tax plan is contained in Legislative Bill 337. A news release from the governor’s office can be read here. Out of the 75 concerns measured by NFIB’s quadrennial Small Business Problems and Priorities report, ‘State Taxes on Business Income’ came in as the ninth biggest worry.
Want a weekly update from the State Capitol on the small-business agenda? Follow NFIB/Nebraska State Director Bob Hallstrom’s reports at www.nfib.com/nebraska, which you can also find by following us on Twitter, @NFIB_NE.
Join us for NFIB’s annual Small Business Day at the Capitol on Wednesday, April 12.
[Tile photo courtesy of Governor Ricketts’ Twitter page, @GovRicketts.]
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