Nebraska governor unveils 2 tax reform proposals

LINCOL (AP) — Nebraska Gov. Dave Heineman has unveiled two proposed tax reform measures that would eliminate or reduce state income taxes.

The larger plan unveiled Friday would eliminate the state’s income tax on corporations and individuals, while getting rid of $2.4 billion in sales tax breaks that Nebraska currently allows.

The second bill would eliminate corporate income taxes and provide an exemption for retirement income. Married couples would receive an exemption for the first $12,000 they earn, while single filers would see a $6,000 exemption. That proposal would end $395 millio...