Compromise creates method for property tax relief
August 13, 2020
Emotions ran high again this week, as legislators tried to complete their priorities during the last few days of this legislative session. As I had hoped, the Revenue Committee advanced a package that joined property tax relief, business tax incentives and a major project at the University of Nebraska Medical Center. This proposal was contained in a compromise amendment to LB 1107, a placeholder bill introduced by the Speaker of the Legislature, Sen. Jim Scheer of Norfolk.
The current Property Tax Credit Fund, reflected on your property tax statement, is funded at $275 million per year. Un...