Quantcast

Cornhusker State News

Wednesday, April 16, 2025

Nebraska's combined tax revenues down 11.6% from Q4 to Q1 2024

Webp wst5w6aimbzomjhzy6h38us5ld28

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 11.6% in the first 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 $2.2 billion in taxes during the first quarter of 2024, compared to $2.5 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($1.2 billion) and general sales and gross receipts taxes ($911 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.

Q1 Nebraska Tax Collections
Type of TaxAmount (millions)
Income Taxes$1,193
Sales and Gross Receipts Taxes$911
License Taxes$70
Other Taxes$6
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS