Governor Dave Heineman is calling for a repeal of Nebraska's inheritance tax. His proposal was echoed by Steve Nelson, President of Nebraska Farm Bureau and Michael Kelsey, Executive Director of Nebraska Cattlemen.
Tax relief, including repeal of the inheritance tax, is a central component of the Governor's 2012 legislative agenda, as outlined in his State of the State address. Heineman commented, “Nebraska is one of only eight states that has an inheritance tax and we need to change that. Four years ago we eliminated the state’s estate tax and this is the final element of eliminating Nebraska’s Death tax.”
Additionally, Heineman’s proposals include a reduction in income tax rates, widens the tax brackets for Nebraska’s middle class taxpayers and reduces corporate income tax rates as a stimulus to small business growth and job-creation.
