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Tuesday, September 9, 2025

Nebraska's Q4 2024 individual income tax revenue down 1.5% from previous quarter

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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/

Nebraska collected $522 million in individual income taxes during the fourth quarter of 2024, a 1.5% decrease from the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

The previous quarter's individual income tax revenue was $530 million.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest, and income from intangibles.

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.

Overall, Nebraska collected approximately $1.8 billion in combined tax revenues in the fourth quarter of 2024, which is nearly identical to the amount collected in the previous quarter.

Q4 2024 Nebraska Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$926
Individual Income Taxes$522
Corporation Net Income Taxes$333
License Taxes$46
Other Taxes$7
Source: U.S. Census Bureau

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