Tax Bills Receive Final Approval

By: The Associated Press Email
By: The Associated Press Email

Nebraska lawmakers gave final approval Thursday to a series of tax measures that would benefit farmers, low-income elderly homeowners and residents whose incomes rise with inflation.

One bill would eliminate the sales tax farmers pay when repairing or replacing their agriculture equipment.

A second proposal would expand Nebraska's homestead exemption program so that more Nebraskans could qualify. The tax exemption is given to seniors, disabled veterans and their spouses, and people with certain disabilities.

The third measure would ensure that Nebraska's income tax brackets keep pace with inflation. The bill seeks to address cost-of-living salary increases that can bump taxpayers into a higher bracket, where they end up paying more.

The bills now go to Gov. Dave Heineman.

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