Nebraska Panel Eyes Sales Tax Hike To Cut Property Taxes
A Nebraska legislative committee that’s looking for ways to reduce property taxes is considering a half-cent sales tax increase as one way to address the issue.
Members of the Legislature’s Revenue Committee floated several options Monday but didn’t vote on any of them. They also discussed getting rid of tax exemptions on soft drinks, candy, bottled water and zoo admissions.
Committee members are trying to find a way to lower property taxes amid complaints from farmers, ranchers and homeowners who have seen their tax bills rise.
Property taxes are collected by local governments and not the state, but many cities, counties and school districts say they’re saddled with unfunded state mandates and costs that make it very difficult to cut spending and lower their levies.