- Associated Press - Tuesday, January 20, 2015

LINCOLN, Neb. (AP) - The Nebraska Farm Bureau has endorsed four measures designed to lower property taxes for farmers and ranchers.

President Steve Nelson said Tuesday that the bills would ease the financial burden on producers.

The bills were introduced by Sens. Lydia Brasch of Bancroft and Dan Watermeier of Syracuse. Two measures would lower the taxable value of agricultural land, although one would only apply to schools. Those schools would likely see an increase in state aid.

A third measure would send 20 percent of state income taxes collected in a local school district back to that district. Under current law, the state only returns 12 percent.

The fourth proposal would boost the state’s property tax credit fund by $60 million annually.

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The bills are LB178, LB350, LB351 and LB364

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