Governor Heineman still wants to eliminate inheritance tax
Wednesday, December 12, 2012
Governor Heineman remains opposed to the inheritance tax, despite legislative resistance to the idea.
Governor Heineman remains opposed to the inheritance tax, despite legislative resistance to the idea. Brent Martin reports. . . Brent Martin; soc
Governor Heineman proposed eliminating the inheritance tax during the last legislative session, but lawmakers...under pressure from county officials...removed the provision from Heineman's tax cut package. The proposal could return in the upcoming session. . . Gov. Dave Heineman; "bad public policy" Heineman argues that the inheritance tax makes Nebraska less competitive with other states.
Governor Heineman remains opposed to the inheritance tax...and unmoved by opposition from county officials to his proposal that it be eliminated. Heineman says the action of some county officials undercut their argument. . . Heineman; "Medical Center" Heineman says county officials need to simply tighten their belt to cope with elimination of the inheritance tax. The tax can generate around 50-Million dollars for the counties in an average year.
Governor Heineman argues Nebraska needs to eliminate the inheritance tax, despite the impact that might have on counties. Objections from county officials killed the governor's proposal to eliminate the tax during the last legislative session. The counties collect the tax and use it for capital improvements and emergency funds. Heineman counters that counties can cope without the tax. . . Heineman; "we can do it" The inheritance tax typically brings in about 50-Million dollars a year.
Governor Heineman says Nebraska needs to get rid of the inheritance tax, despite objections from county officials. Those objections persuaded lawmakers to remove elimination of the tax from the governor's tax cut package proposed last session. Heineman says the tax hits business owners and farmers too hard. . . Heineman; "and repeal it" Heineman points out the state eliminated the Estate Tax and coped with the loss of 125-Million dollars a year.