The largest tax relief package in Nebraska history is almost a done deal. All he needs is the governor’s signature. Lawmakers passed LB 873 on a 43-0 vote Thursday in what was a day full of major decision-making for senators. Lawmakers also agreed to a plan to spend more than $1 billion in federal pandemic relief funds and override nearly all of Gov. Pete Ricketts’ budget vetoes. The day began with Ernie Chambers in the Capitol Rotunda saluting his former colleagues and urging them to override Ricketts’ vetoes. included $52 million to increase Medicaid provider rates for care of vulnerable citizens and the elderly in nursing facilities. Stinner said. Senators also gave the green light to a $900 million tax relief package. It cuts the highest personal and corporate income tax rates to 5.84% in five years; revitalizes the property tax credit fund; and eliminates the Social Security income tax in three years. Senator Lou Ann Linehan said. Lawmakers also gave final approval to a plan to spend more than $1 billion in federal money on pandemic recovery. Much of the funds would go to economic development, housing and statewide workforce development projects in low-income areas hardest hit by the pandemic. The three measures were part of a deal reached by lawmakers according to Speaker of the Legislative Assembly Mike Hilgers. “We wanted everything to move together and that was one of the keys to being able to get so many votes,” Hilgers said. “I think every single one of those votes got over 40 votes,” Hilgers said. He said it could be one of the most defining days in unicameral history. , that it was an inflection point and that we changed the trajectory, a bit of our state in the right direction,” Hilgers said. Hilgers said lawmakers also left nearly $1.4 billion in the cash reserve, in the event of an economic downturn Ricketts applauded lawmakers and did not respond to the overturning of his vetoes The final reading of a plan to send hundreds of millions of dollars to boost the economic development and housing in North and South Omaha has been delayed. The bill’s sponsor, State Sen. Justin Wayne, wanted to pass a compromise amendment. Hilgers said the measure would return at the start of next week.” It would have been the icing on the cake to pass this and get it to the Governor today. But it’s only a matter of time,” Hilgers said. Lawmakers still have five days in session.

The largest tax relief package in Nebraska history is almost a done deal.

All it takes is the governor’s signature.

Lawmakers passed LB 873 on a 43-0 vote Thursday in what was a day full of major decision-making for senators.

Lawmakers also agreed to a plan to spend more than $1 billion in federal pandemic relief funds

And to override almost all of Governor Pete Ricketts’ budget vetoes.

The day began with Ernie Chambers in the Capitol rotunda greeting his former colleagues and urging them to override Ricketts’ vetoes.

At some point, the governor passed.

“You shouldn’t have done that. I’m here to take you to task,” Chambers told Ricketts.

Lawmakers voted to restore almost all of their budget.

It included $52 million to increase Medicaid provider rates for care for vulnerable citizens and the elderly in nursing facilities.

“They’re not in a break-even situation and they’re closing. Look at Mullen, look at Valentine, look at Aprapahoe,” Sen. John Stinner said.

Senators also gave the green light to a $900 million tax relief package.

It cuts the highest personal and corporate tax rates to 5.84% in five years; revitalizes the property tax credit fund; and eliminates the Social Security income tax in three years.

“It’s great progress, and it’s been successful in helping all taxpayers, property taxpayers, income taxpayers, great on Social Security. People can stay it now, stay with their grandkids,” said Senator Lou Ann Linehan.

Lawmakers also gave final approval to a plan to spend more than $1 billion in federal money on pandemic recovery.

Much of the funds would go to economic development, housing and workforce development projects across the state in low-income areas hardest hit by the pandemic.

The three measures were part of a deal reached by lawmakers according to Speaker of the Legislature Mike Hilgers.

“We wanted everything to move together and that was one of the keys to being able to get so many votes,” Hilgers said.

“I think each of those votes got over 40 votes,” Hilgers said.

He said it could become one of the most defining days in unicameral history.

“Hopefully in 10 years and 20 years we look back on a day like today, that was an inflection point and where we changed the trajectory, a bit of our state in the right direction,” Hilgers said.

Hilgers said lawmakers also left nearly $1.4 billion in the cash reserve, in case of an economic downturn.

Ricketts applauded lawmakers and was unresponsive to his overriding vetoes.

“At the end of the day. It’s still a great day for Nebraska because of the historic tax relief passed by the legislature,” Ricketts said.

The final reading of a plan to send hundreds of millions of dollars to boost economic development and housing in North and South Omaha has been delayed.

The sponsor of the bill, State Senator Justin Wayne, wanted to pass a compromise amendment.

Hilgers said the measure would return early next week.

“It would have been the icing on the cake to pass this and get it to the governor today. But it’s only a matter of time,” Hilgers said.

Legislators still have five days in session.

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