Post by Logan on Apr 8, 2016 3:33:32 GMT -6
LINCOLN — Nebraska farm and ranch land owners got a little closer to sharing $20 million worth of new property tax credits Thursday.
State lawmakers advanced Legislative Bill 958 to the last of three rounds of consideration on a voice vote.
The measure represents one-half of a property tax relief package pushed by Gov. Pete Ricketts, who has made property tax reduction his top priority of the session.
As advanced, it would add $20 million annually to the state’s Property Tax Credit Fund. The new money would go to owners of agricultural land, boosting their property tax credit to about $108 per $100,000 of valuation, starting in 2017.
Read more: www.omaha.com/news/legislature/second-ag-land-property-tax-bill-advances-to-final-hurdle/article_e74e4e20-fd2b-11e5-9c89-6b8c5e9b2358.html
State lawmakers advanced Legislative Bill 958 to the last of three rounds of consideration on a voice vote.
The measure represents one-half of a property tax relief package pushed by Gov. Pete Ricketts, who has made property tax reduction his top priority of the session.
As advanced, it would add $20 million annually to the state’s Property Tax Credit Fund. The new money would go to owners of agricultural land, boosting their property tax credit to about $108 per $100,000 of valuation, starting in 2017.
Read more: www.omaha.com/news/legislature/second-ag-land-property-tax-bill-advances-to-final-hurdle/article_e74e4e20-fd2b-11e5-9c89-6b8c5e9b2358.html