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Property Tax Relief Bill Signed into Law

Governor Pete Ricketts signed LB 1107 into law this week. Nebraska Farm Bureau took part in the signing ceremony to commemorate a major step forward in efforts to provide meaningful and much needed property tax relief for Nebraskans. LB 1107 reflects the largest investment by the Legislature in targeted property tax relief since the body first established the state’s Property Tax Credit Fund in 2007. Nebraskans can expect to see a 15 percent reduction in the property taxes paid to schools when provisions are fully implemented.

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