LINCOLN, Neb. (AP) — The state senator who sponsored Gov. Dave Heineman’s tax cut plan says lawmakers have reached a compromise that will allow them to lower taxes.

Bellevue Sen. Abbie Cornett said Tuesday that an amendment to the bill would amount to a “down payment” on the tax relief that the Republican governor had promised.

Heineman’s original plan would have cost the state $327 million over a three-year period. The original measure would lower corporate and individual income tax rates, and eliminate an inheritance tax imposed by counties.

The new, whittled-down proposal would phase in lower individual income tax rates over three years, and provide about $56 million annually in cuts when fully enacted. It would not affect corporate income taxes or the inheritance tax.