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Property Tax Credit Program Could See Funding Increase

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A proposal to increase funding for Nebraska'sproperty tax credit program has advanced out of a legislative committee.

The appropriations committee voted unanimouslyFriday on a bill that would pull an additional $25 million each year out of thestate's general fund. The fund was created in 2007 to offer property taxrelief.

It's expected to receive $113 millionfrom the state's general fund this year.

The amount contributed has stayed flatover the last few years while statewide property values have increased.

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