Scaled-back property tax plan prompts special session speculation in Nebraska

Contributing sentiments towards policy:

63% : ""We must continuously look at closing tax loopholes and not catering to the lobby to solve our tax problem," she said.
57% : But LB 388 would prevent districts from saving up unused tax authority for the future.
52% : "There's only so much you can do," said Radcliffe, whose nearly four dozen lobbying clients have varying positions on tax legislation.
52% : No easy solutions for longstanding tax battlesThere's no guarantee that a special session would bring greater consensus on a way to pay for additional property tax relief.
51% : The bill would replace an existing property tax relief program with new property tax credits, which Pillen's staff said would bring down property tax payments by about 22%.Property owners who take advantage of the current program, which offers income tax credits to offset school property taxes paid, would see no net savings, although they would see the savings upfront and avoid the hassle of claiming the income tax credits months later.
51% : Property tax increases for cities and counties would be limited to 3% annually or inflation, whichever is greater, with exceptions for revenue from new construction, emergencies and pay increases for understaffed law enforcement, fire and corrections departments.
47% : "The struggle we're all having is identifying the source of the revenue to do (property tax relief)," Arch said.
46% : In a statement, Strimple, the governor's spokesperson, expressed confidence that policymakers would "get this done" on property tax relief.
46% : The current bill would cap property tax collections by city and county governments and tighten the revenue cap on schools that was passed last year.
46% : Tax savings would differ; some taxes would riseThe bill would replace the income tax credit program with one reducing the amount of property taxes owed.
33% : Strimple described those changes as part of the "foundation for property tax reform" and a "great first step.

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