NEBRASKA LEGISLATURE
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Sen. Matt Hansen

Sen. Matt Hansen

District 26

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FOR IMMEDIATE RELEASE

January 10, 2018

Senator Hansen introduces bill to provide tax relief to renters

Statement from Senator Hansen

LINCOLN, NE – Today, Senator Matt Hansen introduced LB 954, which would
provide refundable income tax credits to individuals who rent their primary
residence.

“My goal is to bring much-needed tax relief to the nearly 250,000 Nebraska
families and nearly 50,000 Lincoln families who rent their homes,” said Sen.
Hansen. “It is important to include renters in tax relief efforts because they
contribute so much to our local economies and tend to spend disproportionately
more of their income on housing than those who own their homes.”

Renters would be eligible for a credit equal to two percent of their total rent paid
in the previous year, up to $500. Currently, home owners are eligible for a similar
claim as a result of Nebraska’s Property Tax Credit Act. The median home value
in Nebraska is $155,000. Therefore, using the non-agland tax credit rate, the
2017 median tax credit for home owners will be about $136.

Sen. Matt Hansen

District 26
Room #1017
P.O. Box 94604
Lincoln, NE 68509
Phone: (402) 471-2610
Email: mhansen@leg.ne.gov
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