- Associated Press - Thursday, January 29, 2015

LINCOLN, Neb. (AP) - Renters and some homeowners could end up saving money under a proposed income tax credit in the Nebraska Legislature.

Sen. Kate Bolz of Lincoln presented the bill to a legislative committee Thursday as part of the ongoing debate over property taxes.

The measure would create an income tax credit that residents could claim once their property tax bill reaches a certain percentage of their income. Renters could also claim the credit based on a percentage of their rent.

Renee Fry of the OpenSky Policy Institute, which supports the bill, says most of the tax reductions would go to low- and middle-income residents.

Mark Intermill, a lobbyist for AARP Nebraska, says the bill provides additional cash to those who need it most to cover basic necessities.


The bill is LB186

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide