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Nebraska Property Tax Proposal Gains Traction in Committee

farm.LINCOLN, Neb. (AP) — After weeks of debate, a new property tax proposal aimed at farm and ranch landowners is gaining support in a Nebraska legislative committee.

Members of the Revenue Committee voted unanimously Wednesday in favor of a proposal that would boost the amount of state revenue that would go into an agricultural property tax credit.

Farm and ranch landowners would receive a larger credit if the measure is passed, offsetting some of their local property taxes. The legislation would also impose new budget restrictions on community colleges, which rely partially on property taxes.

The committee will hold a public hearing on the proposal at 2 p.m. on March 24.

Farm groups and Gov. Pete Ricketts have been calling on lawmakers to take some action on property taxes this year.

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