KSID Radio
Click to choose your station
Shop Here - Shop Now - SAVE BIG
Click to play Sky FM Click to play The Fort
SKY FM Stream The Fort AM Stream

Lawmakers eye tweaks to Nebraska property, income tax bill

LINCOLN, Neb. (AP) — Nebraska Gov. Pete Ricketts' income and property tax package faces some possible tweaks before a legislative tax committee votes on it this year.

Sen. Jim Smith of Papillion, the bill's sponsor, presented the Revenue Committee with a new version of the bill during an executive session Tuesday.

The newest measure would provide an income tax credit equal to 2 percent of property taxes owed on agricultural land, and 1 percent for residential property. Those credits would increase yearly until the credit is equal to 20 percent of property tax bills.

It also would lower Nebraska's top corporate income tax rate to 6.84 percent, the same top rate paid by individual filers. The plan would cost an estimated $40 million in its first year, and the expense would increase over time.



41° F
Sidney, NE
Copyright © 2018 KSID Radio
Designed and Hosted by RiverBender.com

KSID Radio
2306 Legion Park Road
P.O. Box 37
Sidney, Nebraska 69162

Phone: 308.254.5803
Toll Free: 800.322.5743
Fax: 308.254.5901