Neb. Gov. Plans Agriculture Land Tax Relief In 2014

Law360, New York (January 15, 2014, 5:12 PM EST) -- Nebraska's agricultural landowners could soon see substantial tax relief if a plan announced Wednesday during Gov. Dave Heineman's State of the State address gains traction.

Heineman said tax relief is the biggest and most important issue facing Nebraskans, and he wants the state legislature to cut the state's income and property taxes and particularly reduce the proportion of agricultural land that is taxed in property assessments. Currently, Nebraska assesses its agricultural land at market value, but taxes 75 percent of that amount. If Heineman gets his...
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