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Nebraska lawmakers began debate Tuesday on a special session bill to ease soaring property taxes, largely through mid-year budget cuts, caps on spending and shifts to sales and special taxes.
The Nebraska Department of Revenue is an agency of the Nebraska state government responsible for the administration of state revenue and tax programs. The Nebraska Constitution prohibits use of a property tax, thus most revenue is collected from a state sales tax, use taxes, and a state income tax. [1]
Nebraska has one of the highest average property tax rates in the nation at 1.46% — tied with New York and behind Connecticut, Illinois and New Jersey, according to Bankrate.
Nebraska Gov. Jim Pillen issued a long-awaited proclamation on Wednesday calling a special legislative session to address the state's soaring property taxes, ruffling some lawmakers' feathers by ...
White has introduced multiple proposals to reform Nebraska's property tax system to help homeowners. In 2007, he introduced a bill to reduce every homeowner's property taxes by $500 annually by means of an income tax credit.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Ricketts also spearheaded the project to increase the Property Tax Credit Relief Fund by $51 million for a total of $550 million in direct property tax relief from 2019 to 2021. He merged two state agencies, the Department of Environment and the Department of Energy, into one, the Nebraska Department of Environment and Energy. [citation needed]
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