LB1212: Truth in Taxation

January 23, 2020
Status: Assigned To Committee

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Summary

A Truth in Taxation law requires taxpayers to be informed by mail about board votes on local property tax increases. It can provide taxpayers with a stronger voice in how local property taxes are decided by:

  • Providing the date, time, and location of all public meetings where property tax increases will be decided;
  • Itemizing how much a property taxpayer’s tax bill would rise if the proposed tax increase were approved;
  • Requiring that hearings for property tax increases take place during hours when most taxpayers can attend a public meeting.

 

Last Action

A hearing on a Truth in Taxation law (LB1212 and AM2435) was held in the Revenue Committee on February 27, 2020.