LINCOLN, Neb. (AP) – With their session more than halfway over, Nebraska lawmakers are still struggling to find a tax plan that could prevent farm groups from pursuing a statewide property tax ballot measure in the November general election.
Lawmakers have designated at least five property tax proposals as “priorities” this year, including one backed by Gov. Pete Ricketts that would also lower Nebraska’s top income tax rates. But senators remain divided over which plan to support in a tight budget year.
Sen. Jim Smith of Papillion, chairman of the Revenue Committee, says he should have a better idea next week of whether lawmakers have a realistic path forward on tax legislation.
Lawmakers have long debated proposals to reduce property taxes, but are now under more pressure because farm groups are pursuing a property tax petition drive that calls for refundable income tax credits.