LR22CA: Require Voter Approval for Property Tax Revenue Increases Above 3%

Introduced on January 14, 2021
Status: Assigned To Committee

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Summary

The Platte Institute provided testimony in support of LR22CA. This resolution is a proposed constitutional amendment introduced at the request of the governor. If approved by the Legislature, Nebraska voters would decide if the overall annual increase in local property tax revenue should be limited to 3%, unless local voters approve a higher increase. The limit would not apply to bonds or to new growth in property taxing subdivisions, nor would it reduce local property taxes or apply to revenue sources other than property taxes.

Click here to visit the Nebraska Legislature website to submit written comment about LR22CA.

Last Action

LR22CA was heard by the Revenue Committee on Wednesday, January 27, 2021. LB408, a legislative bill similar to LR22CA, has been advanced to General File. Click here to read the Platte Institute's testimony.