SALES TAX REVENUES DRIVE NEBRASKA'S TAX COLLECTIONS HIGHER THAN EXPECTED FOR AUGUST

LINCOLN- Nebraska collected $68 million more in net tax revenue than original projections for the month of August. These revenues reflect the state's economic growth despite the pandemic. The biggest leap came from sales taxes, with receipts totaling almost $40 million. Individual income tax collections also came in at 10.1% above the forecast. However, corporate income tax revenues were 57.1% below expectations. 

"It's indicating that Nebraska is weathering the pandemic well," said Lydia Brasch, spokeswoman for the Nebraska Department of Revenue.

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