Heineman applauding input to tax reform proposal despite ag opposition
Despite opposition to his tax reform proposals from agriculture, Governor Heineman is applauding the input he's receiving.
Heineman has introduced two bills, one that would totally eliminate income and corporate taxes by wiping out $2.4 billion sales tax exemptions, and another bill would cut $395 million in sales tax exemptions and eliminate corporate income tax.
The ag community has expressed opposition to eliminating exemptions on machinery, seed, chemicals, and fertilizer they say benefit them more than the tax breaks being suggested by the governor. Despite the criticism Heineman says that's the type of input he wanted and thanked farmers and ranchers for their contribution to the debate.
A hearing on both bills is slated Tuesday afternoon before the Revenue Committee.
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