Legislature searches for property tax relief

The beginning of April brings us closer to the end of this year’s legislative session. There are many bills still left to debate and little time to consider all of the priority bills brought forward this year.

The week began with the resumption of debate on the governor’s proposed property tax relief package: LB388 and LB1331. LB388 initially proposed an up-to-1% increase of the sales tax, from the current rate of 5.5% to possibly as high as 6.5%, and raising taxes and eliminating tax exemptions on certain discretionary purchases. Revenue from these taxes were to be put toward education, via L...