CONTACT:     

Laura Strimple, (402) 580-9495    

John Gage, (531) 510-8529   

ADVISORY: LB754 & LB243 Signing Ceremony 

LINCOLN, NE – On Wednesday, May 31 at 9:00 a.m., Governor Jim Pillen will sign LB754 and LB243 into law.  

Among the provisions of LB754: a reduction of individual and business income tax rates to 3.99 percent by tax year 2027; acceleration of a tax exemption for Social Security benefits; and tax credits related to childcare. LB754 passed on May 25 on a vote of 39-2.  

LB243 increases the amount of relief granted under the Property Tax Credit Act and establishes a cap of 3.0 percent annually on how much school districts can increase property tax requests – with some exceptions. The bill passed on May 25 on a vote of 44-0. 

Both bills contain emergency clauses, meaning they will go into effect immediately upon being signed by the Governor.  

This event is open to credentialed media.    

What: Ceremonial signing event for LB754 & LB243 

When: 9:00 a.m. CT on Wednesday, May 31 

Where: Governor’s Hearing Room, State Capitol, 1445 K Street, Lincoln   

Who: Governor Jim Pillen, state senators, and invited guests 

The news conference will be streamed live at NebraskaPublicMedia.org/live. An audio feed for media will be available by dialing 888-820-1398. When prompted, enter participant code: 1226515#, followed by the # sign to connect to the call.