LINCOLN- An investigation reveals Governor Jim Pillen and his businesses were eligible for more than $64,000 in tax credits due to a bill passed during the special session that most Nebraskans won't be able to cash in on. It's unclear if Pillen claimed those credits; however, it points out an inequity resulting from the passage of LB 34.
LB 34 creates a tale of two taxpayers based on "when" you paid your 2023 property taxes. If, as Pillen's property tax records show, you paid your 2023 property tax bill before January 2024, you could have claimed the credit on your 2023 income tax return. Because of LB 34, which lawmakers passed 40 to 3 and Pillen signed into law Aug. 20, that credit goes away on the 2024 income tax return and is no longer available.
"Your finances stay equal where they are right now. Your taxes, both property taxes and income taxes, are going down if your local governments play along," State Senator Lou Ann Linehan said.
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