Tax Receipts Up 5%
LINCOLN (AP) - The Nebraska Department of Revenue says net tax collections in November were nearly 5 percent higher than projected. A report released Tuesday says net tax receipts for the month totaled $327 million, up from the $312 million in Nebraska's certified forecast. The report says net individual, corporate, sales-and-use and miscellaneous taxes all came in above projections. The net corporate tax was more than 44 percent higher than the state's official estimates. The comparisons were based on the Nebraska Economic Forecasting Advisory Board's April forecast. The forecast was adjusted for legislation passed in 2013 and divided into monthly estimates.