NEBRASKA LEGISLATURE
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Sen. Tom Briese

Sen. Tom Briese

District 41

The content of these pages is developed and maintained by, and is the sole responsibility of, the individual senator's office and may not reflect the views of the Nebraska Legislature. Questions and comments about the content should be directed to the senator's office at tbriese@leg.ne.gov

BiWeekly Column, February 9, 2018

February 15th, 2018

Last week, the governor presented his tax relief bill to the Revenue Committee. Sponsored by Papillion Senator Jim Smith, it would permanently and immediately cut the top income tax rates for individuals and corporations. It would also stair step property tax relief to be implemented over the next 13 years. It funds this relief by eliminating the property tax credit fund and with unspecified future state revenue. I have my concerns about that approach, but I understand that the proposal is still being adjusted.

This week, I will present my education funding/property tax relief bill, LB 1084, to the Revenue Committee. LB 1084 will provide immediate and substantial property tax relief, specify funding sources for that relief, reaffirm our commitment to funding education, provide soft property tax asking caps to help ensure lasting property tax relief, and it will call for a comprehensive study of K-12 funding in Nebraska. Many of the components are still in play, and I anticipate changes to some of the details I describe below.

Instead of kicking the can down the road, LB 1084 would generate revenue to pay for property tax relief from a variety of sources. It would sunset several sales tax exemptions and eliminate various exclusions. It would increase the sales tax rate by ½ cent, and raise the cigarette tax to mirror the national average. It would reinstate the alternative minimum tax and eliminate income tax loopholes commonly known as the Subchapter S exclusion and the Special Capital Gains exclusion. It would impose a modest surtax on our very highest income earners. It would sunset the New Markets Job Growth Investment Act and the personal property tax exemption. It would also direct internet sales tax revenue to property tax relief.

With this revenue, the bill would reinstate the 20% allocated income tax to our schools, and replace the TEEOSA cuts of last year’s LB 409. It would then nearly quadruple the amount in the Property Tax Credit Fund.

All of the above would be accompanied by a limit on K-12 property tax asking increases equal to the higher of 2.5%, the rate of inflation, student growth, poverty growth, or ELP growth. The allowable property tax asking would also be lowered by any amount other revenue sources increase, or increased if those sources fall off. These limits could be surpassed by a 75% vote of the school board, or a public vote.

Finally, LB 1084 would call for a comprehensive study of school finance in Nebraska.

I believe that LB 1084 is the responsible approach to property tax relief. It can help us to alleviate the inequities in our school funding structure, and our tax structure itself.

Finally, my office will have an opportunity coming up this summer for someone who is interested in the workings of the Legislature and would like to start down a path in policy in Nebraska. Please keep an eye out for further details in my upcoming columns.
If you need to get in touch, the best way is to call my office and speak with my staff (or leave a message if you call over the lunch hour) at (402) 471-2631. My legislative website is news.legislature.ne.gov/dist41/ and my facebook page is at facebook.com/SenatorTomBriese

Press Release on LB 1084

January 18th, 2018

FOR IMMEDIATE RELEASE
Media Contact:
Office of Senator Tom Briese, (402)471-2631

Senator Briese Introduces Property Tax Relief Proposal

Lincoln, NE – Senator Tom Briese of Albion announced today that he has introduced a bill that will put Nebraska on a path to reducing over-reliance on property taxes and adequately funding education in the state. Briese said, “This bill represents the culmination of a broad-based, bipartisan effort consisting of education groups and property tax interests including agricultural, residential, and commercial property taxpayers. The bill will provide the property tax relief that all hard-working Nebraskans deserve, while at the same time protecting the ability of our schools to prepare our young folks for the jobs and careers of the 21st century.”

Briese went on to say that his bill would provide immediate property tax relief, would identify the sources of revenue to fund the relief, and would provide soft caps to taxing authority to ensure long term property tax relief while protecting education. Noting Census Bureau data suggesting Nebraska is 49th in the country in the percentage of K-12 education funded with state dollars, Briese said, “For far too long, our state has relied too heavily on property taxes to fund our schools. Its time the state stepped up and funded its share of K-12.”

Finally, Briese stressed the significance of the various stakeholders and senators he anticipates backing his proposal. “Sustainable tax reform which protects education must travel a collaborative, bipartisan path. And I believe that path exists,” he said. He also stated, “Because of the many stakeholders involved, the bill was a product of much negotiation, and most likely adjustments to it will continue.” Finally, Briese noted, “I believe that Nebraskans deserve a fair and balanced tax structure. But I also recognize there is nothing we do that is more important than how we educate our children. This bill affirms both of those principles.”

Last week was the start of the second session of the 105th legislature, and my second session as your State Senator. The first ten working days of session are the only time when bills can be introduced, and last week was almost exclusively the introduction of bills. Between day one, Wednesday, and day three, Friday, nearly two hundred bills were introduced. Several bills have already gotten attention, and no doubt you’ve seen or heard about some of them in this paper, on your local news channel, or on social media. The next step for most of the bills will be referencing to a committee by a group of senators elected from within the body. This group sends bills to the committees tasked with dealing with the areas of law those bills concern: so the roads bills are sent to my colleagues and me on the Transportation and Telecommunications Committee, and the tax bills are sent to our colleagues on the Revenue Committee. I am serving again this year on the Transportation and Telecommunications Committee, and on the Government, Military, and Veterans Affairs Committee, as well as the Legislative Performance Audit Committee, a special committee. In fact, all of the senators are serving on the same committees as last year, with the exception of Senator Theresa Thibodeau, a new appointee by the Governor to replace former Senator Joni Craighead.

I am looking forward to this session, which will be composed of 60 working days lasting from January 3rd to April 18th of this year. The legislative session this year will be dominated at some point by discussion of finances: the state government is staring down the barrel of a $200 million shortfall, and calls for tax relief from citizens are at an all-time high. I will be introducing a major proposal to provide the property tax relief that the people of District 41 (and hundreds of thousands of others across the state) need for our economy to thrive. It will also include a comprehensive look at how we can take the burden of education funding off of property taxes while still giving our children the kind of quality education they will need to make Nebraska a leader for the whole of the 21st century.

I also have a bill which will be a low-cost way for the state to investigate whether our Beginning Farmer Tax Credit needs to be adjusted to encourage young people to come into the business of agriculture. I believe that programs like this are needed now more than ever. The average age of a farmer in America is now close to 60 years old, and it’s been rising every year. Our older farmers deserve to have the freedom to retire when they choose to, not before or after they are ready. But with population shifts to the cities in rural states like Nebraska, and land and equipment prices representing significant barriers to entry, young people just getting started in life are either too far from farms and ranches to consider a move, or don’t have necessary financial capital to start farming.

If you need to get in touch, the best way is to call my office and speak with my staff (or leave a message if you call over the lunch hour) at (402) 471-2631. My legislative website is news.legislature.ne.gov/dist41/ and my facebook page is at facebook.com/SenatorTomBriese

Sen. Tom Briese

District 41
Room #1120
P.O. Box 94604
Lincoln, NE 68509
Phone: (402) 471-2631
Email: tbriese@leg.ne.gov
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