ICON Continues to Support Tax ReformThrough LR-11CA & LB-133 the “Nebraska EPIC Consumption Tax Act”.

                                                  

 In this Nebraska Legislative session a Constitutional Amendment (CA), LR-11CA, was introduced by Senator Erdman. This is a resolution for the “Nebraska EPIC Consumption Tax Act”.  LR-11CA advanced out of committee and will go on to be passed with our help. When passed, most State taxes will be eliminated and a consumption tax will take their place.

ICON Directors present at their last meeting voted unanimously to support LR-11CA, Nebraska Constitutional Amendment, and LB-133, the “Nebraska EPIC Consumption Tax Act”. EPIC is an acronym for “Eliminating Property, Income, Corporate” taxes. Simply speaking, business related transactions and purchases are not taxed. Anything purchased, or services not business related, are to be taxed.

 

To review LB-133 visit: http://nebraskalegislature.gov/bills. Section 6 within LB-133 defines Ten Nebraska Taxpayer’s Bill of Rights. Here are two important rights:

 

Right # One: “The citizens of Nebraska are entitled to a fair and just tax system, one which favors neither the poor nor the rich, neither rural dwellers nor urban dwellers, neither business owners nor laborers, and that is no respecter of race, religion, creed or sex;

 

Right # Eight:  “Those citizens and legal residents of the State of Nebraska living at or below the federal poverty rate shall be absolved of making any positive net contribution to the consumption tax revenue of this state;”

 

In other words, this “Nebraska EPIC Consumption Tax Act” aims to treat all Nebraskan’s fairly, regardless of their person, status or wealth and makes concessions for the poor.

The ICON Directors also voted to help fund the Consumption Tax drive by individual donations and getting the word and information out. Funds raised by “TRUE Nebraskans” 35% Tax Rebate fund drive in 2019 & 2020 (which was halted due to Covid), have been donated to this Consumption Tax drive. However, more funding is needed.

ICON President, Jim Dinklage, states “As a long time property tax payer in Nebraska and ICON President, I strongly urge you to go to www.EPICconsumptiontax.org for further information.

This website has brochures which can be printed out and distributed. If you feel the Nebraska tax laws need to change, send a donation to the following address for the: Consumption Tax Institute, Inc.”

*Checks should be made out to:                     For further information or questions, contact:

Consumption Tax Institute, Inc.                  Rob Rohrbough, 402-639-8286

Rob Rohrbough                                              Mark Bonkiewicz, 402-490-8612

8515 S. 105th Street                                        e-mail: EPICConsumptionTax@gmail.com

La Vista, NE 68128                                        Website: www.EPICconsumptiontax.org