March 16, 2015

Open Sky Policy Institute: Frequently asked questions about LB 280′s impact on taxpayers

ITEP Work in Action

“All Nebraskans would experience lower property taxes under this proposal, and many residents would pay less in taxes overall. LB 280 makes our tax code more progressive, ensuring that low- and middle-income Nebraskans pay less in overall taxes than our highest-income individuals. While the effects will vary depending on each taxpayer’s income, property value, and school district, an analysis by the Institute on Taxation and Economic Policy confirms that LB 280 will have a progressive effect overall.”

Read the full report here.