Tax Collections Up in May

Tax Collections Up in May

Nebraska state government collected more tax revenue than expected in May according to Tax Commissioner Tony Fulton.  The Department of Revenue reported that the state received a net of $439 million, which is 11.3% above the official certified forecast of $395 million.

For the fiscal year ending June 30th, Fulton says collections are 6.1% ahead of last year.

The department says net sales-and-use, individual and corporate income and miscellaneous taxes were all higher than expected for the month.