Tax & Accounting Blog

Nebraska announces a Real Property Tax Credit for 2012

Indirect Tax, ONESOURCE, ONESOURCE Property Tax September 20, 2012

The State of Nebraska has announced it will offset a portion of the real property taxes levied in 2012 pursuant to the Property Tax Credit Act. The total amount of credit available for statewide distribution is $115 million, which results in a credit of $71.50 per $100,000 of valuation. The credit will be reflected as a reduction in the tax due on the 2012 tax statements.