Nebraska property owners to get record-high refund from state tax credit in 2016

[Omaha Steve]

Meanwhile we have no $ for schools, expanded Medicare,...

http://www.omaha.com/news/metro/nebraska-property-owners-to-get-record-high-refund-from-state/article_744e7a6b-d466-5ddd-a1a6-f3852a20242a.html

POSTED: MONDAY, SEPTEMBER 14, 2015 10:30 AM | UPDATED: 10:49 AM, MON SEP 14, 2015.
By Paul Hammel / World-Herald Bureau

LINCOLN — Nebraska property owners will get a record-high refund from a state tax credit next year due to action by the State Legislature.

The owner of home or property valued at $150,000 will receive a $141 refund through the state’s property tax credit, nearly $34 more than this year. That represents a 32 percent increase.

This spring, the Nebraska Legislature authorized a $64 million increase in the credit program as a means to provide property tax relief.

That boosted the credit fund to $204 million. The State Revenue Department, on Monday, released its calculation of the credit amount.

FULL story at link.