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Wednesday, April 16, 2025

Nebraska's combined tax revenues down 29.4% from Q1 to Q2 2024

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James R. Kamm, Tax Commissioner at Nebraska Department of Revenue (NDR) | https://www.unomaha.edu/

James R. Kamm, Tax Commissioner at Nebraska Department of Revenue (NDR) | https://www.unomaha.edu/

Combined tax revenues in Nebraska decreased 29.4% in the second quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Nebraska collected $1.5 billion in taxes during the second quarter of 2024, compared to $2.2 billion in the previous quarter.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($920 million) and income taxes ($565 million).

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 Nebraska Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$920
Income Taxes$565
License Taxes$47
Other Taxes$6
Source: U.S. Census Bureau

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