LINCOLN, Neb. (AP) — A measure that would generate $82 million in Nebraska state tax revenue by eliminating a deduction for high-income earners has hit a snag in the Legislature after business groups objected to the idea.
The proposal debated by lawmakers would restore some of the estimated $250 million the state is expected to lose over the next three years as a result of the federal coronavirus tax cuts for businesses.
Some lawmakers cast the measure as a tax increase on businesses that are still struggling from the coronavirus pandemic and mounted a filibuster to keep it from coming to a vote.
After three hours of debate, senators left the issue unresolved and adjourned for a four-day weekend.
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