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Neb Governor Pete Rickets Balks at Shifting Tax Burden, Hazardous Materials Flooding, SPM 4:04

041119 404  

Nebraska Gov. Pete Ricketts isn't happy with a tentative proposal that seeks to reduce property taxes by imposing other taxes.

Ricketts criticized the measure Thursday in a news conference with Nebraska realtors and home builders, who oppose parts of the bill that could raise documentary stamp taxes on real estate.

Ricketts says he opposes any effort to shift a tax burden from one group to another. He previously joined forces with grocers to oppose provisions that would impose a tax on pop and candy.

Members of the tax-focused Revenue Committee haven't yet voted on the package. 

Both federal and state agencies are asking Iowans to report any dangerous containers displaced by floodwaters in western Iowa.

Recent flooding scattered tanks, drums, cylinders, and barrels onto properties adjacent to the Missouri River and its Iowa tributaries. These items may contain hazardous materials such as propane and industrial chemicals and should only be handled by trained professionals.

U.S. Senators Joni Ernst (R-IA) and Chuck Grassley (R-IA) have introduced legislation to provide tax relief for Iowans in areas impacted by the recent devastating floods.

The Disaster Tax Relief Act would provide tax relief for individuals in areas of Iowa and Nebraska.

Benefits include special rules allowing access to retirement funds, special credit for employee retention during a business interruption, suspension of limits on deductions for certain charitable contributions,

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