Nebraska governor unveils 2 tax reform proposals

LINCOLN (AP) — Farmers, manufacturers and shipping companies could lose millions of dollars’ worth of sales tax breaks under plans announced Friday by Gov. Dave Heineman, but their income tax burden would also vanish.

The Republican governor unveiled two possible tax-reform packages, both of which would eliminate corporate income taxes and make up the lost revenue by ending the state sales-tax exemptions.

But the two measures differ in both their scope and who would benefit. Heineman said he submitted both to initiate a public discussion with lawmakers, business leaders and Nebraskans,...