Lawmakers in Nebraska passed a revised version of a property tax relief bill on Tuesday after scrapping a number of provisions, including a proposed tax hike on consumable hemp products such as CBD.
The measure, LB 34, was approved 40–3 on Tuesday, the final day of the legislature’s special session. As passed, it does not include any additional taxes on consumable hemp products.
Only a week ago, a draft version of the proposal sought to levy a 30 percent tax on consumable hemp—a provision added by Revenue Committee chair Sen. Lou Ann Linehan (R), who played a central role in the tax discussion. A separate proposal introduced by Linehan during the regular legislative session would have taxed consumable hemp and CBD at 100 percent, but that rate was later reduced to 25 percent before the underlying bill fizzled out.
For now, the latest development means hemp-derived cannabinoid products will be subject only to the state’s 5.5 percent sales tax plus any applicable local taxes.
Gov. Jim Pillen (R), who called the special session last month to deal with the property tax issue, had hoped the new bill would cut property taxes in the state by about 50 percent. Lawmakers have said the
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