Straight talk from Steve
The Legislative session begins this week. Therefore, I would like to give my readers a heads-up about what to expect this year. While more than 500 new bills will get introduced this year, three carry-over bills will be very importance to me again this year. So, today I would like to tell you about these three very important carry-over bills from last year.
The most important carryover bill is LB 289. LB 289 is the Revenue Committee’s property tax relief bill which was introduced by Sen. Lou Ann Linehan, who is also the chair. Property tax relief will be the hottest topic of the year.
The reason this bill is so important is because it fails to deliver on significant and meaningful property tax relief. If this bill ever passes into law, the losers will be everyone who owns real estate in Nebraska. LB 289 is nothing more than an attempt to dupe the public into believing that the Legislature has finally delivered on property tax relief when the total amount of relief is projected to be only $482 million in the first year of its implementation, which includes the $275 million which is already in the Property Tax Cash-Credit Fund. None of that money will go directly to taxpayers; instead, it will go to the tax spenders with the hope of reducing your property taxes. To pay for the loss in revenue, LB 289 would remove sales tax exemptions on many services, such as dog grooming services and dry cleaning services.
To read more please log in or subscribe to the digital edition. http://www.etypeservices.com/Bridgeport%20News-BladeID393/