Lawmakers divided on tax package; move forward with other proposals
During the Nebraska Legislature’s second to last week, lawmakers proposed amendments for the property tax compromise and advanced anti-abortion and hair discrimination bills to final reading. Although senators focused on the tax package, debates on other bills such as parole reform and Free Application for Federal Student Aid (FAFSA) requirements were heard as well.
Property Tax and Business Package
Nebraska lawmakers remain divided on the tax compromise package, LB1107, introduced by the Legislature’s Revenue Committee on Aug. 4.
The Revenue Committee introduced LB1107, a renewed version of LB1106, which will offer state income tax credit for school property taxes paid, $275 million property tax relief, $300 million for the University of Nebraska Medical Center expansion and $25 million for the ImagiNE Nebraska Act.
To read more please log in or subscribe to the digital edition. http://www.etypeservices.com/Bridgeport%20News-BladeID393/