Neb. Tax Collections Higher Than Expected in Feb.
Posted 5 months ago
(AP) — A new report says Nebraska’s net tax receipts were 7.1 percent higher than expected in February.
The Nebraska Department of Revenue reported Wednesday that the state had $258 million in receipts. The certified forecast for the month was $241 million.
The revenue was boosted by higher-than-expected individual and corporate income taxes, and miscellaneous taxes. Sales and use taxes were lower than expected for the month.
Net tax receipts for the current fiscal year have totaled $2.5 billion so far, which is 3.4 percent above the state’s certified forecast.
The original estimates were approved in April by the Nebraska Economic Forecasting Advisory Board.