Post by Logan on Jan 16, 2016 6:10:30 GMT -6
Bill would raise cigarette taxes by $1.50 per pack; money would go toward property tax relief, state's Health Care Cash Fund
LINCOLN — Smokers would pay more taxes while property taxpayers would get some relief under a bill introduced in the Nebraska Legislature on Friday.
Legislative Bill 1013 would increase cigarette taxes by $1.50, boosting the state tax total to $2.14 per pack.
State Sen. Mike Gloor of Grand Island, the bill’s sponsor, said the tax change would bring in an estimated $120 million.
He is proposing to put $45 million into the state’s Property Tax Credit Fund and use another $45 million to increase the personal property tax exemption.
Continue reading at www.livewellnebraska.com/health/article_35de4992-bbc7-11e5-8d3a-4790830c207d.html .
LINCOLN — Smokers would pay more taxes while property taxpayers would get some relief under a bill introduced in the Nebraska Legislature on Friday.
Legislative Bill 1013 would increase cigarette taxes by $1.50, boosting the state tax total to $2.14 per pack.
State Sen. Mike Gloor of Grand Island, the bill’s sponsor, said the tax change would bring in an estimated $120 million.
He is proposing to put $45 million into the state’s Property Tax Credit Fund and use another $45 million to increase the personal property tax exemption.
Continue reading at www.livewellnebraska.com/health/article_35de4992-bbc7-11e5-8d3a-4790830c207d.html .