Senator Clements meets with the NCTC committee
State Senator Robert Clements was in Nebraska City on Tuesday, June 15 for a lunch meeting with the Nebraska City Tourism and Commerce Legislative Committee. The senator provided the group with a recap of the recent legislative session, including good financial news for homeowners.
Clements said the state would offer 16% income tax credits in 2021 to property owners after the legislature passed LB 1107, Nebraska’s tax incentive law, earlier this year.
This law provides for a refundable tax credit as of the 2020 tax year for individuals, corporations, trustees, and financial institutions that pay property taxes in school districts in Nebraska.
“We’re trying to give back what we don’t absolutely need,” Clements said.
Clements said the state budget currently provides $ 40 million over two years to expand broadband access in rural Nebraska.
Clements said the legislature is also implementing a 10-year plan to exempt Social Security benefits from income tax. “Nebraska doesn’t keep people retired,” he said, adding that the legislature is trying to make Nebraska more competitive with surrounding states and more attractive to retirees.
Another retirement payment that is now exempt from state income tax is the salary of military retirees, Clements said.
The legislature has taken steps to ensure that retired military personnel will not have to pay state income tax on their retirement from 2022.
Clements said the legislature made the decision because of the Offutt Air Force Base and the state’s desire to keep military retirees in Nebraska after completing that part of their careers.
Over lunch, Clements also spoke about prison overcrowding.
He said the legislature has been informed that building a new prison is the best solution to the overcrowding problem, and that $ 14 million has been set aside for an independent study of the problem and possible land acquisition.
Clements added that state prison officials would like to locate the new facility between Lincoln and Omaha.
The cost of the new prison is estimated at $ 230 million, compared to $ 195 million to modernize Lincoln State Penitentiary.
Clements said that even with the upgrade, the existing facility would run out of space for drug and alcohol treatment, and inmate capacity would actually decrease after the upgrades.
The senator also discussed the new State Committee for Access to Water and the Sustainability of Tourism and Recreational Resources (STAR WARS), of which he is a member.
This committee was tasked with identifying and assessing opportunities to enhance the value of areas of the state that could benefit from economic development, tourism and recreation, flood control and sustainability of the state. ‘water.
Clements said about $ 2 million is currently available for economic development studies on potential opportunities.
Senator Julie Slama was also due to attend the meeting, but was unable to attend due to illness.