the table above demonstrates, Nebraska was ranked in middle
nationally in corporate income tax collections on a per capita
as a percent of personal income in 2006. However, all of the
neighboring states were
ranked much lower.
are also quite volatile. Our rankings increased from 29th and
30th in 2002 to 21st in 2004, back down to 25th and 29th
in 2005, and increased again to 23rd and 26th in 2006. Kansas
dropped from 23rd highest in per capita collections in 2000
Colorado fell from 32nd to 46th over the same time period while
Iowa rose from 36th to 30th. These rapid swings are likely the
result of changes in conditions for particular large businesses
or important industries from year to year rather than legislative
action. Our top nominal rate of 7.81% ranks 20th in the nation
and higher than the surrounding states, except Iowa.
As described elsewhere in this section on corporate
income taxes, the tax is declining in significance across
in the United States for a variety of reasons.