Post by Logan on Apr 3, 2016 5:33:28 GMT -6
After tense debate, Legislature advances bill to give property tax credits to ag landowners
LINCOLN — Owners of agricultural land would share an additional $20 million in property tax credits under a property tax compromise advanced Thursday by state lawmakers.
Legislative Bill 958 cleared first-round consideration on a 39-2 vote after lawmakers reached agreement to bring the amount of ag land credits down from a proposed $30 million a year.
The vote came after hours of often tense negotiations between rural and urban senators.
State Sen. Mike Gloor of Grand Island, chairman of the Revenue Committee, expressed relief that the two sides found common ground and voted together to end a filibuster and advance the bill.
Read more: www.omaha.com/news/legislature/after-tense-debate-legislature-advances-bill-to-give-property-tax/article_4f0c742c-f798-11e5-805d-e7a7d875e271.html
LINCOLN — Owners of agricultural land would share an additional $20 million in property tax credits under a property tax compromise advanced Thursday by state lawmakers.
Legislative Bill 958 cleared first-round consideration on a 39-2 vote after lawmakers reached agreement to bring the amount of ag land credits down from a proposed $30 million a year.
The vote came after hours of often tense negotiations between rural and urban senators.
State Sen. Mike Gloor of Grand Island, chairman of the Revenue Committee, expressed relief that the two sides found common ground and voted together to end a filibuster and advance the bill.
Read more: www.omaha.com/news/legislature/after-tense-debate-legislature-advances-bill-to-give-property-tax/article_4f0c742c-f798-11e5-805d-e7a7d875e271.html