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 […]
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.
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 […]
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, […]
One does not need to look long to find a neighbor who is concerned about property tax reform. With property taxes increasing by 60 percent over the past decade, Nebraskan homeowners and property owners alike, are concerned about the ongoing issue of high property taxes that increase each year. Many Senators in the Nebraska Legislature […]