Two of the state's largest farm groups are objecting to a bill that would create new business tax credits to replace the state's major incentive program.

The Nebraska Farm Bureau and Nebraska Farmers Union say they oppose the bill because lawmakers haven't approved a plant to lower property taxes.

The Nebraska Farm Bureau argued Tuesday that lawmakers are running out of time in this year's session and need to focus on property taxes.

Business groups have defended the incentives as critical to maintain a competitive business environment in Nebraska relative to other states.

Nebraska Farmers Union President John Hansen says the state's tax incentive aren't cost effective and haven't worked as intended.

The incentives were also criticized by two former lawmakers who led the Legislature's Performance Audit Committee.