Nebraska lawmakers are looking for a better way to gauge whether tax incentives for businesses actually and whether the investment is worth the cost. They repeatedly pushed for answers Friday in a joint committee hearing with Nebraska Tax Commissioner Doug Ewald.
Ewald says nearly half of the companies that apply for tax credits never qualify because they fail to meet the state's investment and job creation requirements. Yet, those companies still create thousands of jobs.
In February a legislative panel reported that Nebraska had no way to judge whether its business tax incentives have succeeded in attracting businesses or whether the companies would have come regardless
The Revenue Committee Chairman Senator Glen Hadley says the challenge for lawmakers is to keep Nebraska competitive with states that offer tax breaks.