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Sen. Tom Brandt offers LB564 to add $150 million to school property tax relief fund; supporters press for larger, opponents caution on sustainability
Summary
LB564 would add $150 million annually to the school district property tax relief credit fund. Supporters, including ag groups and rural advocates, said the increase is simple and fair; the Nebraska Chamber opposed the bill on sustainability grounds and urged pause to evaluate delivery mechanisms and long‑term funding.
Senator Tom Brandt introduced LB564 in a Revenue Committee hearing, proposing a $150 million annual increase to the school district property tax relief credit fund to boost direct property tax credits on tax statements.
Supporters called the bill a straightforward way to deliver broader relief to homeowners, agriculture and commercial taxpayers; opponents cautioned that Nebraska lacks a sustainable funding mechanism to keep enlarging statutory transfer obligations without broader revenue growth or structural reforms.
Senator Tom Brandt (District 32), sponsor of LB564, said the fund's purpose is “to provide property tax relief to Nebraskans by applying credits directly to tax statements” and proposed raising the…
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