Bill to change Nebraska property tax credit draws fire from ag interests
(Brownfield) -- A measure to change the Property Tax Credit Act in Nebraska has been introduced in the Nebraska Unicameral. State senator Tom White of Omaha is sponsoring LB13. He says it’s meant to keep money in the state by not giving it to out-of-state owners of Nebraska property.
Rancher Al Davis of Hyannis with the group called Independent Cattlemen of Nebraska (ICON) says White’s bill would take away the property tax credit from agriculture and hurt the state’s producers. “What LB13 does, it will strip the property tax credit from all property but homes,” Davis says. “It’s basically income redistribution and it’s divisive. It pits the rural against urban.” If he loses the tax credit, Davis says he would see a 6% increase in his property taxes.
