Bill to expand tax review report passes

Lawmakers passed a bill April 2 that adds categories to the annual tax review report produced by the state Department of Revenue.

LB962, introduced by Sen. Rich Pahls of Boys Town, requires information in a state Department of Revenue review of major tax exemptions to specify categories in relation to sales and use tax.

The bill also names the legislative Tax Rate Review Committee and requires that its annual report be appended to the Department of Revenue’s tax expenditure report.

LB962 passed on a 44-0 vote.