BILL TO PLUG 'MISSING YEAR' OF PROPERTY TAX RELIEF FOR SCHOOLS ON PAUSE FOR NOW

LINCOLN- The effort to plug a “hole” left behind from Nebraska’s 2024 special session on property taxes — a “missing year” of tax relief — will likely not move forward this year. State Sen. Brian Hardin of Gering, the sponsor of Legislative Bill 81, confirmed the status of his bill this week. If passed, LB 81 seeks to extend the previous refundable income tax credit for school property taxes paid the previous year for one more year. 

That program ended with the passage of a bill during the special session that ended in August. LB 81’s goal is to capture relief for the roughly 85% of Nebraska taxpayers who pay property taxes in arrears, such as property taxes assessed in December 2023 but paid throughout 2024. Hardin said State Sen. Brad von Gillern of the Elkhorn area, chair of the Revenue Committee, has opted to keep LB 81 in committee and not “exec” on it, the step toward voting whether to advance the bill.

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