Nebraska tax collections exceeded expectations in April | Regional government

Nebraska collected more tax revenue than expected in April and is still well ahead of expectations for the current fiscal year, according to new numbers released Friday.

The state Department of Revenue reported April net tax revenue of $939 million, 66.7% higher than the state’s official forecast of $563 million. The numbers are often higher in April when taxpayers file their returns.

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Net sales and use taxes were slightly lower than expected, while net personal and corporate income taxes and net miscellaneous taxes were all higher than expected.

Nebraska has raised $5.153 billion in the current fiscal year, which ends June 30. That’s 11.1% above the forecast of $4.637 billion.

The projections were made by the Nebraska Economic Forecasting Advisory Board at its last meeting in February. Nebraska lawmakers and governors use the projections to determine how much tax they have.

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