Governor Jim Pillen | Governor Jim Pillen Official website
Governor Jim Pillen | Governor Jim Pillen Official website
LINCOLN, NE – On Wednesday, May 31 at 9:00 a.m., Governor Jim Pillen will sign LB754 and LB243 into law.
Among the provisions of LB754: a reduction of individual and business income tax rates to 3.99 percent by tax year 2027; acceleration of a tax exemption for Social Security benefits; and tax credits related to childcare. LB754 passed on May 25 on a vote of 39-2.
LB243 increases the amount of relief granted under the Property Tax Credit Act and establishes a cap of 3.0 percent annually on how much school districts can increase property tax requests – with some exceptions. The bill passed on May 25 on a vote of 44-0.
Both bills contain emergency clauses, meaning they will go into effect immediately upon being signed by the Governor.
This event is open to credentialed media.
What: Ceremonial signing event for LB754 & LB243
When: 9:00 a.m. CT on Wednesday, May 31
Where: Governor’s Hearing Room, State Capitol, 1445 K Street, Lincoln
Who: Governor Jim Pillen, state senators, and invited guests
The news conference will be streamed live at NebraskaPublicMedia.org/live. An audio feed for media will be available by dialing 888-820-1398. When prompted, enter participant code: 1226515#, followed by the # sign to connect to the call.
Original source can be found here
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