Tax Relief

NeFB: Property tax relief, reform of schooling financing and broadband have to be authorities funds priorities

The Nebraska Farm Bureau urges state lawmakers to earn dollars on property tax breaks, school funding reform, and broadband broadband priorities as they negotiate the state budget. Senators will begin the budget debate on Thursday, April 8th.

“It is imperative that lawmakers invest our government taxpayers’ money in areas that help strengthen our state by supporting our families, businesses and communities. That means giving tax breaks, finding better ways to fund our schools, and making sure we have infrastructure that meets our growing needs, ”said Mark McHargue, president of the Nebraska Farm Bureau.

According to McHargue, one of the most powerful things lawmakers can do in the household is easing property tax, which lawmakers enacted last year with the passage of LB 1107. The measure created a framework in which property tax for Nebraskans is said to grow as the state’s economy grows. The legislation provided relief with a new refundable income tax credit based on property taxes paid at schools that Nebraskans could claim for the first time this tax season.

“Putting taxpayers’ money back in the hands of hardworking Nebraskans is the best way to help families and communities. Legislators can do this by ensuring that the state budget for 2021 triggers additional tax breaks for LB 1107. It is imperative that the company’s senators grant the greatest possible real estate tax relief, ”said McHargue.

Reforms that oblige the state to take more responsibility for funding the education of all K-12 students in Nebraska are also a high priority. According to McHargue, only 84 of Nebraska’s 243 school districts are receiving government compensation for the current school year, leaving 159 school districts to be funded primarily through local property taxes. LB 454, a bill by Senator Curt Friesen of Henderson, would pass “stabilization aid,” a new form of state aid aimed at school districts that are heavily dependent on property taxes for funding.

“It is very important that lawmakers ensure that dollars are available in the budget to fund this important step forward, to ensure that the state does more to fund the education of students in Nebraska, regardless of where they live or how big their school is, “said McHargue.

The Nebraska Farm Bureau is also helping fund a governor’s proposal to allocate $ 40 million over the next two years in grants to expand the state’s broadband network.

“There’s no way rural Nebraska or our state can reach its full potential if we don’t roll out broadband in Nebraska. It is important for the future of our schools, telehealth and main street shops. It is critical for farmers and ranchers to use precision technologies that will allow us to improve across the board, including minimizing our environmental footprint. It is important that lawmakers keep investing in broadband, ”said McHargue.

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