Cannabis for 50% property tax cut

Nebraska is considering legalizing and taxing cannabis to provide property tax relief. LB 71 (2024 | NE) and LB 52 (2024 | NE) have the goal of slashing property taxes by 50% by adding  a 16% excise and sales tax on cannabis products.

Lincoln Star Journal via News Now Press | Lawmakers propose legalizing marijuana in Nebraska, using revenue for property tax relief

Marijuana Moment | Nebraska Lawmakers Hold Joint Hearing On Two Marijuana Legalization Bills