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Ricketts considering tax plan to help struggling farmers | KTIC Radio

Ricketts considering tax plan to help struggling farmers

Ricketts considering tax plan to help struggling farmers

Lincoln, Neb. — Nebraska Gov. Pete Ricketts is considering a proposal to change the way agricultural land is taxed to help farmers dealing with low crop prices.

The governor mentioned the idea in an Associated Press interview as a way to prevent property taxes from sharply increasing even as the state’s agricultural economy is struggling.

A similar bill stalled in the Legislature in 2017, but Ricketts says he doesn’t think it was fully debated or understood.
Ricketts says cutting taxes and promoting business growth will remain his top priorities for his next four years in office.

Some rural senators say they support the concept but doubt it will address the sharp property tax increases farmers and ranchers have already experienced.

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