Two days after a bill supported by Governor Pete Ricketts and Revenue Committee Chairman, Jim Smith failed to garner the necessary 33 votes for cloture; Senator Bob Krist introduced proposal yesterday that would provide increased property tax relief. Senator Krist opposed the Ricketts/Smith bill because like many, it didn’t provide necessary property tax relief and […]
Today the Nebraska Legislature failed to generate the needed 33 votes to pass cloture on the final bill that would provide needed property tax reform this year. LB461, introduced by Senator Jim Smith and supported by Governor Pete Ricketts only generated 27 votes of the 33 needed to pass cloture. Below is a statement by […]
Today is a big day. Even though Speaker Jim Scheer instituted a rule that required all legislation to attain the 33 votes necessary to pass cloture, he is bringing back LB461, which failed to generated this support 11 days ago. LB461 provides little to no property tax relief for home, business, and agricultural property owners […]
Lincoln, Neb. – Reform for Nebraska’s Future released new polling data that further confirms that LB461 does not provide the tax relief that the majority of Nebraskans need. LB461 was introduced by Senator Jim Smith and has the backing of Governor Pete Ricketts. This proposal provides $10 of income tax cuts for every $1 of […]
While the Unicameral considers changing how agricultural land is assessed for property tax purposes, one critic says it’ll have little impact on farmers’ tax bills. Cedar County Assessor Donald Hoesing says any changes enacted in Lincoln won’t significantly lower taxes, especially in rural counties.
A bill that is being called a property tax reform bill, but provides little to no property tax relief for Nebraska property owners is still alive. Even though it failed to generate the support needed last week, Speaker Scheer has committed to as one legislator stated, ignore “his own requirement that the sponsor of a […]
With the threat of a budget shortfall looming over senators’ heads in the Nebraska Legislature, lawmakers are scrambling to figure out what to do next in order to make up for state spending that is projected to outpace revenue. Nebraska, which heavily depends on its agricultural industry, is looking at a struggling farm economy as […]
Lincoln, Neb. – This afternoon, LB461 stalled in the Nebraska Legislature. This legislation prioritized income tax cuts supported by special interests in both Nebraska and nationally. Nebraskans have been very clear that they want property tax reform, but LB461 does not provide the meaningful relief needed to remove the burden that high and increasing property […]
Nebraska lawmakers should turn a skeptical eye toward a state tax-cut proposal known as Legislative Bill 461 when the measure is debated Friday. While the dedication by Sen. Jim Smith of Papillion, the Governor’s Office and others who worked to assemble LB 461 deserves respect, parts of the proposal raise major concerns and uncertainties.
For Nebraskans who want property tax reform this week is important. The Nebraska Legislature has been debating a number of tax and education funding measures. On Friday, the Legislature is scheduled to debate LB461, a measure that prioritizes income tax reform and Reform for Nebraska’s Future has announced their opposition to such a measure with […]