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Nebraska Tax Collections Beat Expectations in January

Nebraska Tax Collections Beat Expectations in January
Acquired Through MGN Online on 01/30/2020

Nebraska collected more state tax revenue than expected last month.

The Nebraska Department of Revenue says the state in January received net taxes of $468 million, which is 13.3% above the official state forecast of $413 million.

The increase was driven by sharply higher sales-and-use tax revenue, which offset lower-than-expected individual and corporate income taxes and miscellaneous taxes.

The state has also collected more taxes than expected in the current fiscal year, which began July 1.

Nebraska state government has received $2.96 billion so far, up from the estimates of $2.73 billion.

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