One Hundred Eighth Legislature - First Special Session - 2024
Introducer€s Statement of Intent
LB12
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Chairperson: Senator Lou Ann Linehan
Committee: Revenue
Date of Hearing: July 29, 2024
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The following constitutes the reasons for this bill and the purposes which are sought to be
accomplished thereby:
LB12 would front load the refundable property tax credit created by the 2020 LB1107
Property Tax Incentive Act, meaning the funds would be paid upfront to school districts and
would lower the actual property tax owed. This would provide property tax relief upfront,
rather than having taxpayers wait until they file their taxes.
Furthermore, removing the process of having taxpayers claim the credit, and providing
relief upfront will increase program participation to 100%, up from roughly 50% of eligible
taxpayers statewide in the status quo.€
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Principal Introducer:________________________________
Senator Jen Day
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