Gov. Jim Pillen is pushing for a transformative property tax reduction plan in Nebraska during an upcoming special legislative session. The plan, known as “Nebraska’s Plan,” aims to cut property taxes in half by having the state take over school funding, broadening the sales tax, and increasing sin taxes. Pillen expressed confidence in securing the necessary votes for the plan despite skepticism from some lawmakers. The proposal would gradually decrease the maximum school property tax levy for operations over three years, ultimately reaching zero by 2026. The plan also includes broadening the state sales tax to cover various goods and services, as well as increasing sin taxes on items like cigarettes and alcohol.
Critics of the plan have raised concerns about potential tax increases on working and middle-class families, as well as the impact on businesses and agriculture. The governor has been actively promoting the plan through town hall meetings and press conferences across the state. He has urged Nebraskans to contact their state senators in support of the proposal. Despite facing opposition from various groups, Pillen remains committed to making property tax reduction a priority of his administration. The special session, which is set to begin soon, could potentially bring significant changes to Nebraska’s tax structure.
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