2016 Boards and Commissions

Back to List of Surveys

Print Friendly View

Back to List of Surveys Print Friendly View

Tax Rate Review Committee

General Information
  • Formal Name:
    Tax Rate Review Committee
  • Contact Person:
    HoaPhu Tran, Revenue Economist Manager, 301 Centennial Mall South, Lincoln, NE 68509, 402-471-5896 and Michael Calvert, Legislative Fiscal Analyst, PO Box 94604, Lincoln, NE 68509-4604, 402-471-2263
  • Purpose:
    To meet with the Tax Commissioner within ten days after July 15 and November 15 of each year to determine whether the rates for sales tax and income tax should be changed.
  • How Many Affectable:
    Serves the entire State of Nebraska by recommending any tax rate changes that are necessary to fund the adopted budget.
  • How Many Served:
    Serves the entire State of Nebraska by recommending any tax rate changes that are necessary to fund the adopted budget.
  • Year Created:
    The Tax Rate Review Committee was created by LB 892 in 1984.
  • Year Active:
    The Tax Rate Review Committee has met twice per year since 1984.
  • Sunset Date:
    None.
Authorization
  • Authorization Citation:
    Neb. Rev. Stat. 77-27,156, To recommend changes in the income or sales tax rates necessary to fund the adopted budget.
  • Parent Agency:
    Executive Board of the Legislative Council
Memberships and Meetings
  • Number Of Members:
    Four.
  • Who Appoints:
    The Tax Rate Review Committee consists of the Speaker of the Legislature and the chairpersons of the Legislatures Executive Board, Revenue Committee, and Appropriations Committee.
  • Legislative Approval:
    No.
  • Qualifications Of Members:
    See above. All members qualify based on holding other offices in the Legislature.
  • Per Diem:
    No.
  • Expense Reimbursement:
    No.
  • Term Length:
    All Legislative offices are elected every two years.
  • Terms Rotate or Expire At Once:
    All Expire
Meetings Required In:
  • Required FY 13-14:
    The Tax Rate Review Committee meets during July and November of each year.
  • Held FY 13-14:
    The Tax Rate Review Committee meets during July and November of each year.
  • Required FY 14-15:
    The Tax Rate Review Committee meets during July and November of each year.
  • Held FY 14-15:
    The Tax Rate Review Committee meets during July and November of each year.
  • Required FY 15-16:
    The Tax Rate Review Committee meets during July and November of each year.
  • Held FY 15-16:
    The Tax Rate Review Committee meets during July and November of each year.
Operations
  • Support Staff:
    The Legislative Fiscal Analyst and the Nebraska Department of Revenue provides staff support to the Tax Rate Review Committee.
  • Shared or Separate:
    Shared.
  • FY 13-14 Budget:
    $0
  • FY 14-15 Budget:
    $0
  • FY 15-16 Budget:
    $0
  • Other Funding Sources:
    None.
  • Spending Authority:
    None.
Accomplishments
  • Since July 1, 2012:
    Since July 1, 2012, the Tax Rate Review Committee has met every July and November. The Tax Rate Review Commission has not recommended a tax rate increase since July 1, 2012.