Lawmakers Study Impact Of Tax Breaks Given To Businesses

By: The Associated Press Email
By: The Associated Press Email

A group of lawmakers has gotten to work on evaluating whether Nebraska's tax incentives for businesses are working as intended.

The special committee in Lincoln is looking at whether the tax breaks should accomplish specific goals. Possible goals proposed on Thursday included strengthening the overall state economy, revitalizing rural areas and promoting entrepreneurship, tech jobs and renewable energy.

The committee was formed after some senators questioned whether businesses that received tax credits would have come to Nebraska regardless. Others want to ensure that the tax incentives are helping to create full-time, high-paying jobs.

Committee Chairman Sen. John Harms of Scottsbluff says lawmakers plan to hold public input hearings August 27th in Kearney and August 28th in Lincoln.

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