Two Farm Groups Endorse Nebraska Governor's Tax Plan

By: Associated Press
By: Associated Press

Two Nebraska farm groups have endorsed Gov. Dave Heineman's plan to repeal an inheritance tax collected by counties.

Leaders from the Nebraska Farm Bureau and Nebraska Cattlemen
said Monday the plan would ease the burden on young farmers who
receive agricultural land from their parents.

Nebraska Farm Bureau President Steve Nelson says the inheritance
tax makes it difficult for new farmers because of the vast expanses
of land needed to run an operation, and narrow profit margins.

County officials say the loss of revenue would force them to
increase property taxes. Heineman has countered that counties
should trim their spending, as the state did when it lost revenue
after repealing Nebraska's estate tax.

Heineman unveiled the plan during his State of the State address
to lawmakers.

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