2006 Nebraska Revised Statutes - § 77-6004 — Tax Policy Reform Commission; duties.

Section 77-6004
Tax Policy Reform Commission; duties.

The Tax Policy Reform Commission shall:

(1) Evaluate current Nebraska tax policies and how they relate to generally recognized tax policies of adequacy, equity, economic competitiveness, simplicity, and accountability and recommend improvements;

(2) Examine household tax burdens and business tax burdens as compared to the United States as a whole and states having demographics similar to those of Nebraska and recommend improvements;

(3) Examine tax rates as compared to the United States as a whole and states having demographics similar to those of Nebraska and recommend improvements;

(4) Evaluate current business tax incentive programs and recommend improvements;

(5) Examine demographic changes taking place in the state, anticipate the effects such changes have on the revenue adequacy and stability for the state in the future, and recommend improvements;

(6) Examine previous studies, including the Comprehensive Tax Study done by Syracuse University from 1986 to 1988, and ascertain whether any recommendations from such studies can be utilized in the commission's research; and

(7) Issue a preliminary report to the Executive Board of the Legislative Council, the Revenue Committee of the Legislature, and the Governor by December 15, 2006, containing the commission's preliminary findings and recommendations, and issue a final report to the executive board, the committee, and the Governor by November 15, 2007, containing any recommendations for legislation to reform tax policy and, if appropriate, draft proposed language for legislation.

Source:

Laws 2006, LB 542, § 4.

~Revised Statutes Cumulative Supplement, 2006