(Unicameral Update) -- The Legislature's Unicameral Update reports that on March 20, the Revenue Committee heard a bill that "would sunset every sales tax exemption offered by the state of Nebraska, eventually eliminating the entire sales tax system by 2016."
LB385 has been prioritized by Omaha Sen. Rich Pahls. "Ron Sedlacek, representing the Nebraska Chamber of Commerce & Industry, testified in opposition to the bill. He said it would create uncertainty and potential disruptions for businesses operating in Nebraska." The Nebraska Power Association is also opposed LB385, since "taxes on fuel used to generate electricity would be passed on to consumers." "Jay Rempe of the Nebraska Farm Bureau also opposed the bill," saying "the bill would result in substantially higher taxes for consumers, because animal sales would be taxed “four or five times … before it gets to the end consumer.
The committee took no immediate action on the bill.
See the story at <http://unicameralupdate.blogspot.com/2009/03/elimination-of-all-sales-tax-exemptions.html>
