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Ricketts appoints Fulton to Racing and Gaming Commission

Ricketts appoints Fulton to Racing and Gaming Commission
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Ricketts discusses new property tax credit for Nebraskans

Syracuse Journal-Democrat Governor Pete Ricketts hosted a Feb. 17 press briefing at the State Capitol to highlight a new property tax credit that eligible Nebraskans can claim when filing their state income taxes.  In August 2020, the Governor signed LB 1107 into law to create the refundable property tax credit.  The credit is based on the amount of a taxpayer’s property taxes paid to schools.  The credit will provide up to $125 million in property tax relief to Nebraskans in the 2020 tax year and will deliver $375 million of annual relief when fully phased in. Nebraska Department of Revenue (NDOR) Tax Commissioner Tony Fulton and NDOR Property Tax Administrator Ruth Sorensen joined the Governor to explain how Nebraskans can claim the credit when preparing their 2020 state income taxes.

Most Nebraskans to get an Income Tax Break

3 months ago in Local Jerry Oster Photo: WNAX As part of the property tax reform passed by Nebraska lawmakers earlier this year, there will be changes for those that pay income taxes. State Tax Commissioner Tony Fulton says there will be new credits.. Fulton says there will be a website available to help taxpayers see what their credit will be…. Fulton says they are asking taxpayers to be patient… The reform plan is aimed at lowering property taxes especially for ag owners. Tags: Recent Headlines

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