Gov. Heineman pitches tax reform and school funding plans in Nor - KTIV News 4 Sioux City IA: News, Weather and Sports

Nebraska's Governor outlined some bold ideas for his home state during is speech to lawmakers in Lincoln. Now, he's taking those plans to the people.

Governor Dave Heineman stopped in Norfolk, Nebraska on Tuesday afternoon after delivering his annual State of the State address.

The republican highlighted his proposal to eliminate about $2.4 billion in business tax credits. He says it would allow the Cornhusker State to get rid of individual and corporate income taxes.

The governor says state officials need to find a way to keep Nebraska economically viable.

"The question is, are we willing to make a bold change in our tax code to reflect the future," said Gov. Heineman.

He also outlined his plans to increase funding by five percent annually for K - 12 education as well as increase funding to state colleges and universities. He also proposed similar funding increases for the state's six community colleges.

Heineman hopes doing so would allow them to freeze tuition rates for two years.

"We hope each one of those will take a look, if possible, to do a two-year tuition freeze," he said.

The governor says legislation will be introduced in the Unicameral over the next couple of days that will provide more specifics regarding his plans for the state budget.