LINCOLN, Neb. (KMTV) — Nebraska Governor Pete Ricketts has issued a statement after the Legislature's Revenue Committee voted 6-0 to advance LB-289, which contains the largest tax increase in the state's history.
The bill raises the state sales tax rate, imposes new sales taxes, raises cigarette tax and cuts existing property tax relief by over fifty percent. Other products and services, including veterinarian visits, hair car and hair removal services, home repair services and car repairs would be taxed, among others.
The following is the statement issued by Gov. Ricketts:
“Today, the Revenue Committee voted for the largest tax increase in Nebraska’s history. I am especially appalled that the committee is proposing a $170 million property tax increase by cutting existing property tax relief in half for farmers and homeowners. If the full Legislature approves LB 289, working Nebraskans will be footing the bill for nearly $600 million in new government spending. Nebraska has tried this approach before, it has failed, and it has resulted in record high property taxes. I urge Senators to do the right thing and kill these tax hikes.”
