Ricketts' plan would change distribution of property tax credits, cut top income rates

LINCOLN — Gov. Pete Ricketts made a pitch for bipartisanship Wednesday {Jan. 10} to get his latest income and property tax proposal passed.

In his annual State of the State speech, the governor said cutting and reforming taxes is “key to growing Nebraska” and should be pursued despite current budget difficulties.

“We must help our farmers and ranchers with crushing property tax bills,” he said. “We must help all Nebraskans keep more of their hard-earned money and attract more people to come to our state.”

Ricketts said his plan, the Property Tax Cuts and Opportunity Act, emphasizes property taxes while making Nebraska more competitive on income taxes. It also includes money for workforce development.

Read more: http://www.omaha.com/news/legislature/ricketts-plan-would-change-distribution-of-property-tax-credits-cut/article_ec6ed717-88dc-5445-b3b1-dddd235740b5.html