Nebraska taxpayers who are eligible for a property tax credit are reminded to claim this new tax credit that will provide property tax relief for Nebraskans. This credit was a result of LB 1107; passed by the Legislature and signed into law by Governor Pete Ricketts on August 17, 2020.
LB 1107 created the Nebraska Property Tax Incentive Act that provides for a refundable income tax credit beginning in tax year 2020. This credit is available to individuals, corporations, fiduciaries, and financial institutions that pay school district real property taxes in Nebraska.
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