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Newspaper
Polk Progress
Location
Polk, Nebraska, United States of America
Date
Nov 03, 1966
Page
12
Proposed Amendment No 11 seeks to authorize the Legislature to provide for payment or cancellation of taxes against real estate owned or acquired by the state or governmental subdivisions. It also proposes deducting costs of administering unsold school lands before income distribution.
Amendment proposes investing state and local governmental funds including cities, villages, school districts, and public power districts as provided by statute. It outlines Legislature power to set investment rules and fund management across subdivisions.
The proposed amendment 13 details changes to legislative apportionment by reapportionment districts and establishes revenue rules. It would bar state property taxes if a general sales tax or income tax is adopted and require at least twenty percent of tax proceeds for common schools.
Proposals discuss abolishing ineligibility of elective executive officers for other state offices, authorizing travel and per diem for legislators during sessions, allowing contracts with private schools, and expanding the State Board of Education from six to eight members with four year terms, elected by district populations.
A proposed amendment seeks to fix the value of land actively devoted to agricultural use. The measure targets land classified as farm or horticultural property, outlining the method for assessment and tax treatment under the state legislature.
The amendment discusses authorizing transportation for children and sets positions on school attendance. It also addresses income tax adoption and limiting the Governor from serving consecutive terms, with ineligibility rules for four years after two consecutive terms. The text appears as a legislative amendment proposal with multiple provisions.
A proposal seeks to exempt life insurance policies and life insurance annuity contracts from intangible property tax and includes rights to pension or retirement payments. The measure targets how such financial instruments are valued for tax purposes.
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