Turnin’ Up The Heat

It’s hot in the Capitol. Yes, it’s literally hot in the building! Happens every year. Seasons change, temperatures fluctuate, and the building’s heating and cooling system (patented by the Romans) cannot be adjusted without either a proclamation by the Governor, or a thumbs up from Tom Osborne.

Last June, workers began a 10-year, $100 million project to bring the Old Girl’s HVAC, windows and attitude up to snuff. With plywood covering all the Southwest quadrant windows, the place looks like the aftermath of Hurricane Herby.

Twenty-one days remain in the session, and the Speaker just turned up his own kind of heat! Starting April 29, he may extend floor debate to 9pm, or even 11:59pm. Not a big deal for those of you who doze off mid-afternoon. Oh, and we know who you are! Rather, this is an incentive for the kids to play nice and go home for supper.

Be assured, a balanced budget will be approved by Day 80. On the other hand, the revenue picture is a tough call right now. Agriculture and homeowners just want their Top 10 nationally ranked property taxes to be lower. K-12 education wants more money and the University usually gets more money. The Chamber of Commerce wants lower income taxes and a new economic development incentive plan; which translates to more money.

The Revenue Committee should shake something loose this week that is General File debate worthy. The jury is out on significantly lowering property taxes by shifting more funding for schools to sales taxes. The Governor remains solid that he will not sign a tax increase on anybody. Meaning any bill with tax consequences will need 30 votes to override his veto.

This is my favorite time of year! You too??

State Treasurer, Tony Fulton reported that Fiscal Year Net Receipts of $3.267 billion, are 0.4% above the certified forecast of $3.255 billion.

Watchlist

APPROVED BY THE GOVERNOR

  • LB57 Prohibits municipalities from adopting or enforcing ordinances/regulations that expressly or effectively prohibit the short-term rental of residential properties and restrict the ability of municipalities to regulate residential properties used as short-term rentals. The Tax Commissioner will enter into agreements with online hosting platforms and short-term rentals to permit the online housing platform to collect and remit applicable sales taxes on behalf of sellers or hotel operators otherwise required to collect such taxes for transactions consummated through the online hosting platform.
  • LB203 Amends the Music Licensing Act to add the owner of a multi-family dwelling to the definition of ‚Äúproprietor.” Apartment common areas (lobby, clubhouse, fitness center) are included in the Act.

 

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