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Feb. 16, 2022Lincoln, Neb. |  By: AP

Nebraska state tax collections beat expectations in January

taxes

LINCOLN, Neb. (AP) - Nebraska state government collected $45 million more than expected last month. The Nebraska Department of Revenue reported net tax collections of $495 million in January, which is 10% than the state forecast of $450 million.

Nebraska reported higher-than-expected net revenues from individual income taxes and miscellaneous taxes, but lower-than-expected net receipts from sales-and-use taxes and corporate income taxes.

The state has received $3.354 billion in the current fiscal year, which began July 1. That's 3.7% higher than the state projection of $3.235 billion at this point in the year.