Gov. Ricketts weighs in on property tax discussion

LINCOLN — The Revenue Committee at the Nebraska Legislature heard multiple property tax bills Feb. 27, including one that would change the amount of relief under the property tax credit act. Multiple individuals including Gov. Pete Ricketts testified in support of the bill.

LB 303 was introduced by committee member Sen. Brett Lindstrom of Omaha at Ricketts’ request. Another bill, LR 8CA, was introduced by chair Sen. Lou Ann Linehan of Elkhorn, also at the request of Ricketts, and would limit the total amount of property tax revenue that may be raised by political subdivisions.

Other bills heard at the meeting included LB 506, introduced by committee member Sen. Tom Briese of Albion, and LB 482, which was introduced by Sen. Steve Erdman of Bayard. LB 506 would adopt the property tax request limitation act, while LB 482 would provide for an adjustment to the assessed value of destroyed real property.

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