Lincoln, NE~~Tax relief, prison reform, water issues, historic horse racing, and mountain lions have all been hot topics in this years Nebraska Legislative session. The 103rd legislative session will wrap up today on day 60 of debate at the Unicameral. Each outgoing lawmakers will also have an opportunity to share thoughts and ideas one final time on the floor.
Nebraska Gov. Dave Heineman said Wednesday he was pleased with tax-cut bills approved by lawmakers in the session, despite their rejection of proposals to lower top income-tax rates and taxable farmland values. Heineman says the legislative session that ends today 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.