Property Tax relief causes rift in Legislature

Posted By: Channel 8 Eyewitness News

After years of supporting tax credits for Nebraska’s farmers and ranchers, some urban lawmakers are starting to complain that other residents aren’t getting a fair share.

The dispute flared in the Legislature last week during a heated debate over Gov. Pete Ricketts’ property tax package, prompting calls for a more broad-based tax plan.

A group of urban and rural lawmakers has already started meeting to talk about a larger package that would include income tax cuts.

Sen. Jim Smith of Papillion, a small business owner, says he hopes the group arrives at “something comprehensive” that will pass in the Legislature.

Smith says he supported agricultural property tax bills in the past because he recognizes the industry’s importance, but he believes small business owners and urban residents are being ignored.