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(11) stories found containing 'nebraska property tax incentive act'


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  • Legislation streamlines property tax credit process

    Sen. Barry Dekay|Aug 28, 2024

    The Legislature concluded the special session that was called to relieve property taxes on Aug. 20. After a contentious start, senators agreed to compromise on legislation that will frontload the Nebraska Property Tax Incentive Act credits from LB1107 (2020) directly onto taxpayer’s property tax statements, trim and adjust the state budget by $185 million and tighten existing property tax levy caps for counties, cities and villages to the greater of inflation or 0%. Of the 81 bills and 24 r...

  • Legislature still battling over property tax relief

    Sen. Barry Dekay|Aug 21, 2024

    This week, the Legislature took up the issues of property taxes and adjustments to the state budget. Much of the focus remained on the package crafted by the Revenue Committee and attached to LB34 by Senator Brewer in place of LB1 and LB9. In a long day of constant changes, LB34 was originally intended to resemble LB1 and LB9. During debate, several concerns were raised, including counties and municipalities who opposed the proposed caps, schools that were hesitant that the Legislature could...

  • Special legislative session underway

    Sen. Barry Dekay|Jul 31, 2024

    As expected, the governor called the Legislature into special session on Wednesday, July 24 to enact legislation relating to property tax relief and school funding. The Legislature convened on Thursday, July 25. Deviating from the preannounced schedule, Speaker Arch chose to not bring the Legislature back into session on Saturday to allow the Revisor of Statutes’ Office more time to prepare new drafts of bills and constitutional amendments. The governor’s package is composed of three bills: LB1...

  • Property taxes, school finance discussions held

    Sen. Barry Dekay|Apr 13, 2023

    This week saw the Legislature continue the discussion of the governor’s school finance and tax package. LB 243, as amended by the Revenue Committee, would make a series of changes aimed at easing the financial impact of increasing property tax valuations on Nebraska’s local property taxpayers. Among changes proposed, the measure would increase the minimum amount of relief granted under the Property Tax Credit Act to $388 million in tax year 2024 and $560 million by tax year 2029. This amo...

  • Bill debate underway in legislature

    Sen. Tim Gragert|Feb 17, 2022

    The public hearing on LB 1023 was held Thursday, Feb. 10 before the Natural Resources Committee. It reflects the work of the Statewide Tourism and Recreational Water Access and Resource Sustainability Special Committee and proposes to adopt the Lake Development Act and the Water Recreation Enhancement Act. I was appointed to serve on the STAR WARS Committee, stemming from the passage of LB 406, last year. In addition to recommendations to construct a 3,600-acre lake in or near Sarpy County and...

  • Property tax bills introduced in legislature

    Sen. Tim Gragert|Feb 3, 2022

    This past week, the Legislature gave first-round approval to two bills offering tax relief for Nebraskans. Further debate on the two proposals will wait until we are further along in the session and have a better idea of projected revenues and expenses. LB825 accelerates the phase-out of the taxation of social security benefits. Under the proposal, all social security benefits will no longer be subject to the income tax, beginning in 2025. LB723 guarantees a higher level of property tax relief...

  • Statehouse budget debate begins

    Sen. Tom Briese|Apr 15, 2021

    Last week, we began debate on the budget, after receiving a briefing from the Appropriations Committee chairman, Senator Stinner. The budget for the next year calls for an increase in the general fund expenditures of roughly $9.7 billion, growing by around 1.7% per year from previous budgets. Key provisions of the budget include substantial increases to several funds. The most important of these increases are the two funds relating to property tax relief. The proposed budget increases the Proper...

  • State revenue growth estimated at 3 percent

    Sent. Tim Gragert|Apr 15, 2021

    The Appropriations Committee advanced their finalized recommendations for the Fiscal Year 2021-22 and 2022-23 biennial budget to the full Legislature. First-round debate took place this past week and all bills were advanced unanimously except LB383, dealing with capital construction. Under the $9.7 billion biennial budget proposal, the two-year average estimated revenue growth is 3.0%, whereas the two-year average growth in spending is just 1.6%. The committee was able to control the growth of spending due to a higher federal match for...

  • Proceedings Summerland Public School Board of Education

    Feb 25, 2021

    PROCEEDINGS SUMMERLAND PUBLIC SCHOOL BOARD OF EDUCATION February 15, 2021 Summerland Public School Board of Education held a regular meeting, Monday, Feb. 15, at 12 p.m., at the Ewing site. President Ed Nordby called the meeting, which was published in the February 10, 2021, newspaper, to order at 12 p.m. The Nebraska Open Meetings Act was noted in the room by Nordby. Roll call. Present: Candice Hoke, Marty Kerkman, Ed Nordby, Nate Schwager, Steven Thiele, Jeremy Wagner. All board members were present. Possible motion on board member absence....

  • Briese explains property tax relief bill

    Sen. Tom Briese, Journalist|Aug 27, 2020

    The current legislative session officially concluded on day 60, which was Thursday, Aug. 13. We concluded the session by hearing remarks from the six term limited and outgoing senators and passing several bills through final reading. One bill we passed was LB 1107, a comprehensive package of property tax relief and business incentives. The focus on property tax reform this past session began as the Revenue Committee’s LB 974. It was a combination of foundation aid for all school districts in N...

  • Gragert prepared to tackle property tax relief in legislature

    Sen. Tim Gragert|Jan 16, 2020

    Wednesday, Jan. 8 marked the first day of the One Hundred Sixth Legislature, second session. This also marks the beginning of the second year that I am serving as the representative of the 40th Legislative District. The 40th district covers the counties of Boyd, Cedar, Dixon, Holt, Knox and Rock. Legislative sessions in even-numbered years last for 60 days. During the short session, senators will make any necessary adjustments to the two-year budget that was developed during the 90-day session...