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Tax Reduction

Legislature
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The bill, proposed by the Legislature's Revenue Committee after months of negotiation, moved ahead with the kind of overwhelming support that appeared to rule out any prospect of a future legislative filibuster.

Legislature
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Sen. Tom Briese of Albion said Tuesday he believes there may be a legislative need to disconnect Nebraska's state income tax law from federal tax law in order to protect the state revenue flow needed to fund increased property tax relief.

Legislature
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The organization needed to acquire more than 120,000 valid signatures from registered voters by July 2 to gain a slot on the November ballot.

Legislature
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Speaker Jim Scheer is prepared to schedule early floor debate on two major bills, the Revenue Committee's freshly devised property tax relief proposal and a business expansion tax incentive package to replace the Nebraska Advantage Act.

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THEDFORD -- A Sandhills rancher told Gov. Pete Ricketts this week that the state's leader would have a hard time convincing western Nebraska taxpayers not to sign petitions that would provide landowners with a state income tax credit equal to 35% of their annual property tax bill.

Legislature
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And so the 2019 Legislature prepares to adjourn Friday after its journey through a brutal winter and hesitant spring, leaving tax reform and substantial property tax relief behind as senators flee Lincoln and step into June.

Legislature
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With the Legislature approaching its final opportunity to enact substantial property tax relief this year, the long-heralded backup alternative of a 2020 initiative petition drive has changed hands.

Legislature
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The Legislature was assured Thursday of another opportunity for property tax relief debate when Sen. Tom Briese of Albion filed proposed amendments to a pending tax bill that's positioned at the second stage of floor consideration.

Legislature
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With the clock ticking on a legislative session in its stretch run, supporters of property tax relief prepared Tuesday for what they hope will be a final opportunity to shape a tax reform package this year. 

Legislature
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In a bid to gain needed urban support for their tax reform plan, Sens. Lou Ann Linehan of Elkhorn and Mike Groene of North Platte huddled with school superintendents from Omaha, Lincoln and Millard on Thursday to discuss changes that address their concerns.

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