A week after sending a much-amended version of Gov Jim Pillen’s income tax package to floor debate, the Nebraska legislature’s Revenue has advanced an equally amended property tax relief plan.
State Senator Tom Briese of Albion says each package will result in about $3-billion dollars in tax relief over the next 6 years.
His own plan to more than double property tax credits to $700-million dollars was trimmed about 20%, but would still be about $560-million by 2029.