Statement from Jon Capps on State Auditor’s Tax Incentive Findings

The State Auditor’s report raises serious concerns about oversight, transparency, and accountability in Nebraska’s tax incentive programs. According to published reports, more than $1.2 billion in foregone revenue has been tied to incentives that, in some cases, benefited companies with little or no in-state employment. That demands scrutiny.

I support pro-growth economic policy. Tax incentives can be a useful tool when they are targeted, performance-based, and tied to real jobs here at home for Nebraskans. But incentives must never become blank checks. If companies are receiving benefits, taxpayers deserve measurable returns, including jobs created, capital invested, and commitments honored. Every program should include strict reporting requirements, clawback provisions for unmet promises, and regular independent audits.

At a time when families, farmers, and small businesses are carrying the burden of rising property taxes, we cannot afford programs that lack transparency or accountability.

Economic development matters. But it has to make sense for Nebraska taxpayers first.