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Aug. 21, 2024Lincoln, Neb. |  By: Jeremy Werner

Nebraska's special session ends with modest tax relief

nebraska state capitol

LINCOLN, Neb. - Nebraska taxpayers will see modest property tax relief next year, but it’s far less than what Gov. Jim Pillen had hoped for.

On the final day of a 17-day special session, lawmakers passed Legislative Bill 34, providing $185 million in new tax relief—about a 3.5% reduction over the $5.3 billion in property taxes collected in 2023.

The bill repurposes existing income tax credits for property taxes paid, making them automatic on tax statements instead of requiring taxpayers to request them. 

Gov. Pillen initially sought a 50% property tax cut, but this package only offers around 20% relief.

Despite frustration among some senators over the limited impact, LB 34 does include caps on how much local governments can increase property taxes each year.  

LB 34 passed with overwhelming support, along with two budget-related bills that help fund the relief through budget cuts and cash transfers. 

 
The 17-day session was the second-longest in Unicameral history and is projected to be the most expensive.