(Neb)-Revenue Committee Looks At Property Tax RElief
LINCOLN, Neb. (AP) - Members of the Nebraska Legislature's Revenue Committee floated several options yesterday on ways to reduce property taxes, but didn't take action on any of them.
Among the approaches discussed were a half-cent sales tax increase and getting rid of a wide range of sales tax exemptions such as those on soft drinks, candy, bottled water, and zoo admissions.
Committee members are trying to find a way to lower property taxes amid complaints from farmers, ranchers and homeowners who have seen their tax bills rise.
Property taxes are collected by local governments and not the state, but many cities, counties and school districts say they're saddled with unfunded state mandates and costs that make it very difficult to cut spending and lower their levies.
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