LINCOLN, Neb. (AP) — A Nebraska property tax bill championed by Gov. Pete Ricketts is headed to the full Legislature for debate.
Members of the Revenue Committee voted 7-0 on Thursday to advance the measure even though some senators continue to have reservations.
Farm and ranch landowners could receive a larger credit to offset some of their local property taxes if the measure passes, while the amount available for commercial and residential property owners would stay the same. T
he legislation would also impose new budget restrictions on community colleges, which rely partially on property taxes. Sen. Jim Smith of Papillion abstained from the vote, saying he's concerned that agricultural groups are expecting to remain "at the front of the line" next year while small businesses and residents ask for income tax reductions.
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