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Property tax debate continues Friday as Nebraska lawmakers continue to seek broader relief • Nebraska Examiner
Idaho

Property tax debate continues Friday as Nebraska lawmakers continue to seek broader relief • Nebraska Examiner

LINCOLN – Lawmakers postponed second debate on the Nebraska Legislature’s key property tax relief plan Thursday night, in part to buy more time to draft amendments.

The last hours of the debate on Bill No. 34The latest tax package, originally introduced by Senator Tom Brewer of north central Nebraska, could be a last push for 13 term-limited MPs to contribute to greater tax relief before they leave office.

“If we want a chance to move this in the right direction, let’s try and do it the right way,” said State Senator Justin Wayne of Omaha during the debate.

State Senator Danielle Conrad of Lincoln saw things differently. She was the leader of the opposition to LB 34 and its 122-page committee amendment Tuesday, one of several plans supported by Governor Jim Pillen, which they described as “reverse Robin Hood scheme“to raise taxes on low-income Nebraskans while cutting taxes on large landowners, including the governor.”

“It appears that the proponents of the ‘pill plan’ have launched a new counterattack, a new surprise attack here at 8 p.m.,” Conrad told her colleagues on Thursday.

No full amendment was submitted for LB 34. Instead, State Senator Lou Ann Linehan of Elkhorn, chair of the Finance Committee, more than a dozen amendmentspartly by various VAT exemptionsbefore she moved for adjournment. This was accepted 25-10.

Linehan said most of the sales tax exemptions on the latest list were made during a 10-hour hearing to LB 1, which she introduced on behalf of pills. LB 1 included more than 100 exceptions for removal. LB 34 had more than 70.

“I want the people of Nebraska to know what we are really talking about,” she said.

Linehan has also submitted amendments that would allow constitutional changes to appear on November election and allow Special elections in odd-numbered years to lift the caps on property tax revenues of district and municipal governments.

State Senator Merv Riepe of Ralston submitted an amendment to increase the cap on local governments’ annual property tax revenues to the higher amount of 3% or the consumer price index — the same level as in April after months of negotiations.

LB 34 would set the ceiling in times of deflation at 0% or at the level of inflation, based on the Government and local consumption expenditure and gross investment Index.

How LB 34 sits, with 185 million US dollars Additional tax credits would provide a 3% reduction in the $5.3 billion in property taxes collected last year.

Debate on LB 34 will begin at 9 a.m. Friday and last about three hours. Lawmakers will then move on to Legislative Resolution 2CA by Sen. Tom Brandt of Plymouth, which relates to property. Valuation of owner-occupied residential propertyand two State budgetrelated invoices.

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