Sen. Janssen Ready to Propose Bills for Tax Relief in Nebraska
Wednesday is the first day of the 2014 legislative session and Sen. Charlie Janssen is ready to introduce two bills as part of his tax relief plan.
Janssen, who is also running for governor, says his plan is focused on income and property tax cuts as well as greater accountability in government spending.
"I've put 30,000 miles on my truck traveling our state, andthe clear message from homeowners, business leaders, farmers and ranchers isthat we need tax relief now," Janssen said. "I know we can get there by makinggovernment accountable and regularly auditing for waste and inefficiency."
Janssen's bill for tax relief would seek to cut income tax rates and adjust tax brackets for inflation, exempt Social Security and military retirement benefits from taxation, increase the annual funding for the Property Tax Credit Program to $150 million, and reduce agriculture land tax valuation to 65 percent.
Janssen will also introduce a bill aimed at making government agencies more accountable.
The bill would require state agencies to file anadditional report with their budget documents that identifies low-utilization,low-priority, and inefficient programs.
He will also propose creation of a"Sunset Commission" that targets and reviews expiring and inefficient programsfor elimination.
Finally, part of Janssen's tax relief plan would require theDepartment of Revenue to contract for new technology to track down individuals who are not paying their taxes.