![]() Some have estimated that Nebraska Crossing could receive more than $300 million over the 25-year life of the state tax benefits. “We are giving a special offer to basically one community and one project,” she said. Carol Blood of Bellevue (Zach Wendling/Nebraska Examiner)īlood proposed raising the out-of-state shopper requirement to 30%, requiring retailers in the district to pay a “living wage” to workers, about $17 an hour and extend the tax breaks to other retail locations. It would direct half of the state sales taxes (5.5%) generated within the district to help finance the expansion. Under the bill, at least 20% of the mall’s customers must be from out of state, and a mall would have to invest at least $500 million to qualify for a state tax break. Carol Blood called it “corporate welfare” and proposed that a so-called “Good Life District” that gets state tax breaks publicly reports whether it is attracting out-of-state shoppers - and sales tax revenue - and drawing new-to-Nebraska retailers such as IKEA and Crate & Barrel, as is being promoted. ![]() ![]() Lou Ann Linehan of Elkhorn, who led creation of the super-whopper package of bills.Ī couple of senators, however, questioned the fairness of providing generous tax breaks that appear aimed at one project, Nebraska Crossing, in one area, Gretna.īellevue Sen. “This is a huge investment in our future,” said State Sen. LB 727, which combines at least 27 bills, was portrayed as a way to help keep young people in the state by enhancing shopping, tourism and concert venues via state tax breaks. It would also end a “home equity theft” scheme and allow a $200 million expansion of a Clean Harbors waste incinerator complex near Kimball to qualify for state tax incentives. Lou Ann Linehan of Elkhorn, main architect of LB 727 (Courtesy of Unicameral Information Office) Legislative Bill 727, as amended, would provide generous tax breaks for an expansion of the Nebraska Crossing shopping mall, help enhance convention centers in Omaha and Lincoln and allow - for the first time - bonding of freeway projects. LINCOLN - An omnibus tax credit bill - an unprecedented amalgamation of nearly 30 proposals - breezed to initial approval Tuesday with only a few questions about whether it provided unwarranted “corporate welfare.”
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