Nebraska Governor Happy With Tax Cut Bills Approved
(AP) - Nebraska Governor Dave Heineman says he's pleased with tax-cut bills approved by lawmakers, despite their rejection of proposals to lower top income-tax rates and taxable farmland values.
The Republican governor says the legislative session that ends Thursday will have provided a combined $412 million in tax reductions over the next five years.
The measures will require income-tax brackets to keep pace with inflation, provide exemptions for farm equipment parts, expand Nebraska's homestead exemption program, and place an additional $25 million annually in Nebraska's property tax credit program.
Lawmakers rejected proposals that would have lowered Nebraska's top income tax rate, as well as the percentage of agricultural land that can be taxed. Heineman says he wishes the state could have acted on both, but he believes they will return next year.
© Associated Press
MOST VIEWED STORIES
Meriden teen injured in Jeff co wreck
Two arrested in rural Horton drug bust
USD 415 board approves resignations, new hires
Fake sports rings seized enroute to Atchison
Early Saturday house fire battled in Atchison
Topeka woman arrested in Jackson Co on drug charges
Hearing held on USD 115 land transfer petition
4th attorney appointed for TX man charged in fatal Jackson Co wreck
Failure to stop, Georgia warrants, hold Atchison man
8-year-old injured in mid-week Atchison wreck
New Mayor appointed for Lancaster
LV man sentenced for teen sexual attack
K-9 bridge replacement underway in Nemaha County
Motorcyclist injured in Winthrop, MO crash
Lansing inmate dead, investigation continues
Hiawatha street repair project approved
LATEST STORIES
Electrical distribution project upgrades for Falls City
NPPD warns downed power lines can be deadly
MHMA Mock Trial Team wins state, heads to natls
Nebraska students taking advantage of dual credit courses
Lansing inmate dead, investigation continues
Motorcyclist injured in Winthrop, MO crash
Bird flu found in two KS dairy herds
Brown Co certifies election results