NEBRASKA TAX RECEIPTS DROP SLIGHTLY IN MAY

LINCOLN - Nebraska’s net tax receipts dropped slightly in May, though budget watchers are still waiting to determine the impact of the coronavirus pandemic on state revenue.

In May, overall tax receipts were down 2.2%, or about $10 million, from the certified forecast made 11 months ago, the Nebraska Department of Revenue reported Monday.However, compared to the revenue forecast that was adjusted upward in February — the forecast used by the Legislature to set the state budget — the tax receipts were down 3.6%, or $16 million.

 A spokeswoman for the Revenue Department said that the full impact of COVID-19 probably won’t be known until after July 15, which is the deadline for payment of state income taxes — a deadline that was pushed back from April 15 because of the virus.

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