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Sen. Clements proposes motor vehicle tax rewrite to cut vehicle taxes, shift funding to counties
Summary
LB714 would change how Nebraska taxes motor vehicles, shrinking the school share and increasing county shares to create revenue counties could use to replace proposed inheritance tax cuts; sponsors and county officials asked for an interim study while school and education groups warned of multi‑year aid impacts.
Sen. Rob Clements told the Transportation and Telecommunications Committee that LB714 would restructure motor vehicle taxation and distribution to lower personal property taxes on vehicles and increase county shares of those revenues. "LB 7 14 will reduce motor vehicle taxes by approximately 20% to get us more in line with our neighbors," Clements said in his opening.
Clements described the bill as paired with other inheritance tax proposals and said changes would revise the yearly depreciation fractions used to calculate the vehicle tax base. He said Department of Motor Vehicles modeling showed those fraction changes would…
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