Business tax incentives showdown looms as Legislature winds down

One more showdown.

With the 2019 Legislature's days dwindling down to a precious few, senators appeared on course toward one final major confrontation with an element of payback hanging in the air.

A much-amended proposal to enact a comprehensive new business tax incentives program is on the agenda on Friday, following close on the heels of Wednesday's defeat of the last major property tax relief proposal left standing after 80 legislative days in session.

Some rural senators had made it clear that the fate of one was tied to the other before Albion Sen. Tom Briese's effort to provide $112 million in additional property tax relief fell 10 votes short of the 33 required to end a filibuster and immediately vanished from the agenda.

On Friday, the tax incentives package (LB720) will need 33 votes of its own to avoid a similar fate.

Read more: https://journalstar.com/legislature/business-tax-incentives-showdown-looms-as-legislature-winds-down/article_0a9a109d-012f-5c08-9c76-e1bb5860e53e.html
(Lincoln Journal Star)