As the 103 Session of the Nebraska Legislature winds down this week, some senators are gearing up for more. The Tax Modernization Committee (TMC) met yesterday to begin its work of studying the current Nebraska tax code and proposing changes.
The TMC is made up of Revenue Committee members, five committee leaders and two at-large members selected by the Executive Board. Members will include Heath Mello, Appropriations; Kathy Campbell, Health and Human Services; Kate Sullivan, Education; Ken Schilz, Agriculture; and John Harms, Planning.
The committee is starting with basic education on Nebraska taxes before appointing three subcommittees on income, sales and property taxes.
Be sure to check out our report on the significant benefits of eliminating the state income tax. Check back for more information on how the study unfolds.