Cuming County residents are among those who oppose a legislative bill that would cut state inheritance tax rates while increasing the amount of property value that is exempt from the tax.

The Legislature’s Revenue Committee last Thursday heard testimony on LB310, sponsored by Sen. Robert Clements of Elmwood. Clements said Nebraska is one of only six states that impose an inheritance tax and said revenue from that tax, which is collected by counties, has increased by approximately 5 percent per year for the past 27 years, much faster than inflation.

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