Gov. Ricketts Signs Property Tax Relief for Nebraska Families
Taylor Gage, 402-471-1970
Eric Maher, 402-471-1974
Governor led collaborative tax relief effort with Chairman Gloor and Chairwoman Sullivan.
LINCOLN – Today, Governor Pete Ricketts was joined by Revenue Committee Chairman Mike Gloor and Education Chairwoman Kate Sullivan at a ceremony to sign his property tax relief package into law. Property tax relief was the Governor’s number one priority for the 2016 legislative session.
“Entering this session, I made property tax relief for hardworking Nebraska families my number one priority,” said Governor Ricketts. “Everywhere I travel across Nebraska, I hear about the need for property tax relief, and these two bills substantially build on the tax relief the Legislature and I successfully delivered last year. It has been a pleasure to work with Chairman Gloor, Chairwoman Sullivan, their committees, and the Revenue Department over the past eight months on these bills.”
The tax package included two bills introduced at the request of the Governor:
- LB958 was introduced by Revenue Chairman Gloor. This bill provides $20 million in direct property tax relief credits for agricultural land.
- LB959 was introduced by Education Chairwoman Sullivan. This bill removes penalties for school districts that lower their levies and limits the use of bonding authority by districts without a vote of the people.
“The people of Nebraska called for tax relief, and the Legislature and Governor responded,” said Chairman Gloor. “Taxpayers can be pleased with the commitment the Legislature has shown over the past two years to providing property tax relief. This tax relief package represents the input of the Governor, Senators, committee staff, and the numerous Nebraskans who attended our committee hearings. Thank you to everyone who contributed throughout the legislative process.”
The Legislature sent both LB958 and LB959 to the Governor’s desk with nearly unanimous approval.
“This is meaningful tax relief that represents the collaboration of so many educators, legislators, and property taxpayers,” said Chairwoman Sullivan. “The discussion around this bill was a step toward a broader conversation about reforming how we fund education in our state. I appreciate everyone who stepped up and contributed, and I hope this is the catalyst for continued discussions about school funding in the coming years.”
The Governor’s tax package was endorsed by the Nebraska Farm Bureau, Nebraska Cattlemen, and Nebraska Farmers Union, among others.
“Thank you to Governor Ricketts for working so hard on behalf of Nebraska taxpayers,” said Roger Brandt, a farmer from Carroll. “This is a good step forward for Nebraska’s farming and ranching community that has been challenged with high property values and taxes for the past several years.”
Changes made by LB958 and LB959 will be rolled out in the coming months.