NEBRASKA CITY – State Senator Rob Clements of Elmwood agrees with Governor Pete Ricketts on the historic value of this year’s legislative session in terms of tax breaks and tax policies that will impact the future growth of Nebraska.
Clements, who was appointed by Gov. Ricketts and won the election in November, said actual state revenues were $ 550 million higher than the forecast revenues used to establish the 2021 budget.
Clements: âWe had good income this year and were able to do a lot of tax breaks for taxpayers. “
He said the income tax credits created in 2020 are expected to provide tax credits of up to 16% in 2021 returns and that the property tax credit has increased by more than 60% from 2019 for residential and agricultural properties.
He said tax policy is also becoming more favorable for retirees.
Clements: âReducing our taxes on social security benefits and military pensions will make us more competitive with our neighboring states. We want to keep the Nebraskans from Nebraska who moved because our tax is not competitive with some other states. “
Clements is also a member of the Statewide Tourism and Recreational Water Access and Resources Sustainability Committee, which is responsible for the survey of the Platte River from Columbus to Plattsmouth. Its task relates to Nebraska’s future water supply, flood control, and economic and recreational opportunities.
Clements: âI’m on the STAR WARS committee because I represent about 30 miles of the Platte River and the 2019 floods caused a lot of damage. I am interested in flood control, but there are also a lot of recreational opportunities on the rivers of Nebraska and economic development that has not been fully developed and utilized.
District 2 senators also discussed prison overcrowding and Nebraska’s fulfillment of its constitutional duty to provide funds in support of public education.