The Revenue Committee advanced proposals this session to cut Nebraska’s top individual and corporate income tax rates, provide additional property tax relief, create a refundable tax credit for certain parents and provide a tax credit for those who donate to organizations that grant scholarships to students to attend private school.
Read MoreA bill that provides additional property tax relief to Nebraskans while limiting increases in the amount of property taxes public school districts may collect received final approval from lawmakers May 25.
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A proposal to direct additional state funding to property tax relief while limiting the amount of property taxes public school districts could collect advanced from general file April 3 after a successful cloture motion.
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The state would pay public school districts $1,500 in foundation aid per student each year under a bill heard Feb. 7 by the Education Committee.
Read MoreThe Revenue Committee heard testimony Feb. 1 on a bill that would limit annual increases in the amount of property taxes collected by Nebraska public school districts.
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