Lincoln, Neb. — A bill that would replace Nebraska’s largest tax incentive for businesses is drawing criticism from some lawmakers, but the sponsor says he has enough support to bring it to a vote.
Lawmakers passed over the measure without voting on it Wednesday after three hours of debate, but Sen. Mark Kolterman, of Seward, says he expects it back on the agenda next week.
The proposed “ImagiNE Nebraska Act” would replace the Nebraska Advantage Act, a state tax incentive program that’s set to expire in 2020. Kolterman says the new proposal offers greater accountability than the current program and will do a better job of ensuring that tax credits go to companies that offer high-wage jobs.
Some senators say the measure will crowd out money that should go toward lowering property taxes.