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Property tax reform remains top priority for Nebraska Farm Bureau

Nebraska Farm Bureau president addresses the group's annual meeting in Kearney.

Nebraska Farm Bureau president addresses the group’s annual meeting in Kearney.

Property tax reform continues to be a top priority for Nebraska Farm Bureau.

Farm Bureau president Steve Nelson they’ll ask Governor Pete Ricketts and legislators to expand the sales tax base and use that money for property tax reform.

“The measures that we’ll be pushing forth this year will work in that direction—expanding the sales tax base, offsetting dollar for dollar, revenue neutral to the property tax—in an attempt to bring balance to the three-legged stool that you often hear talked about,” Nelson says.

That balanced three-legged stool Nelson refers to would have one-third of the income for the state come from sales tax, one-third from income tax and one-third from property tax.

According to Farm Bureau, Nebraskans now pay the seventh highest property taxes in the nation, with property taxes accounting for 48 percent of the three major revenue sources of property, state sales and state income taxes. Sales taxes account for only 19 percent.

AUDIO: Steve Nelson

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