Nebraska tax receipts beat projections in last fiscal year

LINCOLN, Neb. (AP) - Nebraska state government collected more tax revenue than projected in the fiscal year that ended on June 30.

The Department of Revenue said in a news release Monday that net receipts for the fiscal year totaled about $4.3 billion, which was 2 percent higher than the state’s certified forecast. The state had been projected to receive a little more than $4.2 billion in tax revenue.

Net sales-and-use and individual income taxes were slightly lower than projected for the year, while net miscellaneous taxes were about 2 percent above the state forecast. Net corporate income taxes were nearly 32 percent above the state’s projections.

The comparisons were based on the forecast made by the Nebraska Economic Forecasting Advisory Board in February 2014.

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