Prepared on behalf of Blueprint Nebraska, this study quantifies the economic and fiscal impacts of various tax policy changes along with labor force attractions and research development (R&D) programs. The tax policy changes included individual income tax, corporate income tax, sales tax, and an array of incentives programs. These programs intend to increase R&D by doubling tax credits, forgive student loans to attract highly skilled workers and manufacturing workers, eliminate the inheritance tax, and provide funds for strategic property tax relief.
Using the Tax-PI model, REMI deduced prospective numbers to demonstrate the effects of these policy changes over the next ten years. Key findings included: number of new jobs created; population increases attracted and retained; GSP; investment activity; personal income; strategic tax relief revenue; and total state government revenues.
