New Report Shows There's No Easy Way to Compare Nebraska Tax Incentives
LINCOLN, Neb. (AP) -- State officials say they don't have enough information to measure how well Nebraska's tax incentives stack up against others in the Midwest and Plains.
A legislative report released Wednesday found that Nebraska offers fewer tax credits for business investors than other nearby states. Nebraska was the only state out of 10 reviewed that did not offer exemptions for corporate income or inventory taxes.
But lawmakers say the state programs vary so widely that it's difficult to tell whether Nebraska has gained an edge. The Legislature's Performance Audit Committee looked at the incentives offered by Arkansas, Colorado, Iowa, Kansas, Missouri, Oklahoma, South Dakota, Texas and Wyoming.
The committee chairman, Sen. John Harms of Scottsbluff, says his staff is looking at specific goals to measure whether the tax incentives work as intended.
Copyright 2013 The Associated Press.