• Wed. May 29th, 2024

Nebraska’s Property Tax Debate: A Historic Shift in Tax Burden and Opposition from Organizations and Business Owners

BySamantha Jones

Mar 28, 2024
Property tax relief bill proposes shifting burden to sales taxes, raising concerns for business owners

In the ongoing debate over Nebraska’s property tax system, Governor Jim Pillen has proposed a historic and transformative legislative package to provide relief to property owners. The proposed tax package aims to shift the burden from property owners to consumers through sales tax increases. However, some state senators have compared Nebraska’s tax system to a lopsided stool with too much pressure on property owners, prompting the need for relief.

Organizations like the Nebraska Chamber of Commerce have opposed this shift in tax burden, citing concerns about specific hikes such as a proposed 100% tax on CBD and hemp products. Sarah Linden, CEO of Grateful Green, pointed out that this could hurt lower to middle-income individuals who rely on these products for medical purposes.

At Brewsky’s Food and Spirits, owner Brian Kitten expressed worry about a proposed 20% tax on games of skill machines. Kitten emphasized the importance of these machines in generating revenue, especially during challenging times like the pandemic. He fears that implementing this tax could lead to further financial difficulties for his business.

The bill is still subject to change while being debated by senators who may spend several days adjusting the language and specifics of the legislation. The goal remains to provide much-needed property tax relief to Nebraskans, though the path to achieving this relief is still being discussed in the legislative chamber.

By Samantha Jones

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