Bill to lower taxable value of Neb. ag-land stalls

By: AP
By: AP

Lincoln, NE (AP) - A proposal to lower the taxable value of Nebraska farm and ranch land has stalled in a legislative committee.

The Legislature's Revenue Committee voted 4-4 on Thursday on a bill that would phase in a reduction of taxable ag-land values, from the current 75 percent to 65 percent.

Opponents say they're concerned the bill would place additional financial pressure on rural, K-12 public schools that use the land as a major part of their tax base.

The bill's sponsor, Sen. Beau McCoy of Omaha, says he will attempt to secure additional support. McCoy, a Republican candidate for governor, says he doesn't believe lawmakers have done enough this year to reduce taxes.


The bill is LB670

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KGWN-TV 2923 E. Lincolnway Cheyenne, Wyoming 82001 307-634-7755 KSTF-TV 3385 N. 10th Street Gering, Nebraska 69341 308-632-7535
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 248892881 -