(Neb)-Erdman Introduces Property Tax Relief Bill
LINCOLN, Neb. (AP) - As he had promised, 47th District State Senator Steve Erdman of Bayard today introduced a massive property tax credit bill to force action on agricultural property taxes that have soared in recent years.
The proposal dubbed the "Property Tax Relief Act" uses income tax revenue to provide property tax relief. Starting next year, taxpayers would receive a refundable income tax credit equal to half of the school district taxes levied on their property. It's not yet clear how much the legislation would cost.
The plan is likely to face opposition from Governor Pete Ricketts and business groups that want to lower income taxes.
Erdman, whose district covers the entire Panhandle outside of Scotts Bluff, Dawes, Sheridan, and eastern Box Butte counties, is part of a group preparing to launch a ballot initiative to put the plan on the November ballot if lawmakers don't pass significant property tax relief this year.
Back to News
Printer Friendly Version
Send Story to a friend.