LINCOLN - Senator Steve Erdman raised concerns about LB 34, the property tax relief bill he opposed during the special session, due to the timeline in which the tax credit will appear. LB 34 passed on a 40-3 vote during the special session, changing the property tax credit system implemented in 2020 through LB 1107. Senator Erdman’s concern is the tax credits for 2024 will not be applied until 2025.

The Chair and Vice Chair of the Revenue Committee, Senators Linehan and von Gillern, defended LB34’s structure. They said the state does not have the money to front-load the tax credit. There have been calls to change the credit structure, to which Senator von Gillern told other senators to bring the bill when they can find the funding.

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