Krist Proposal a Positive Step Following Failure of LB461

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 […]

Statement: Nebraska Legislature Fails Again to Provide Needed Property Tax Reform

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 […]

A Vote for Cloture on LB461 is a Vote Opposing Property Tax Reform

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 […]

Editorial: Nebraska tax-cut bill raises serious concerns and question marks

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.

Lincoln Journal Star Voices Serious Concerns About LB461

As LB461 makes its way through the unicameral, Sen. Jim Smith and Gov. Pete Ricketts are attempting to pitch it as the best of both worlds. Sadly, the bill falls short of an acceptable compromise. The sad truth is that LB461 will do little to alleviate property taxes, providing absolutely no relief for homeowners whose […]

Sen. Smith’s Revenue Committee Still Far Short of Providing Property Tax Reform

Following a four-day break, the Legislature is due back at the Capitol.  The Revenue Committee is planning to meet today to discuss proposals that can be brought together into a package to provide tax relief. Last week, Senator Jim Smith offered a proposal that would treat the property tax relief fund as a slush fund, […]