Differences among farm group, lawmakers when it comes to tax cuts

Posted By: KLKN Newsroom

8@klkntv.com

A Nebraska farm group that has long pushed lawmakers to lower property taxes on rural land has broadened its pitch to benefit home and business owners, but some senators are more interested in cutting income taxes.

Last week, the Nebraska Farm Bureau Federation called on lawmakers and Gov. Pete Ricketts to reduce property taxes by expanding the state’s sales tax base.

Steve Nelson, the group’s president, says ending sales tax exemptions would generate money to offset property taxes for owners of farms, ranches, homes and businesses.

Sen. Jim Smith of Papillion says he supports property tax reforms but thinks income tax cuts should be a priority.

Any cuts could be tough as Nebraska faces an $895 million shortfall for the budget cycle that ends in 2019.