Business Groups Urge Gov. Pillen to Reconsider Property Tax Reduction Plan amidst Concerns of Financial Burden

As the Legislature prepares for a final vote on Gov. Jim Pillen’s property tax reduction plan, a coalition of primarily business groups is strongly opposing the proposal. The group, which consists of grocers, broadcasters, convenience stores, and others, has written a letter to the governor expressing their concerns. They believe that the plan would result in significant cost increases for businesses and would also impact the average Nebraska family by increasing their expenses.

The bill in question would require sales tax to be applied to items that are currently exempt, such as pop, candy, and veterinary services for pets. The revenue generated from these taxes would be used to support schools in an effort to reduce property taxes by approximately 22 percent, according to Pillen’s budget office. However, this proposed measure is not sitting well with many businesses who argue that it will put an additional financial burden on them.

Last week, senators voted 28-14 to move the bill forward. However, if opponents choose to filibuster, a total of 33 votes would be needed to overcome it. The fate of the bill remains uncertain as it moves towards its final vote. Businesses are hoping that their concerns will be taken into consideration and that they will be able to find another solution that doesn’t place such an enormous financial burden on them and their customers alike.