Governor Jim Pillen of Nebraska plans to unveil a proposal to reduce property taxes by 50%, addressing the state's high property tax rates. The announcement follows Pillen's discussions with state senators and town halls across Nebraska. The plan aims to cut property taxes for Nebraskans significantly and will be presented during a special legislative session starting July 25. Pillen's openness to solutions, like removing sales tax exemptions on certain agricultural inputs, has received mixed reactions, particularly concerning its impact on young farmers. His proposal includes potential tax credits for young farmers and a significant reduction in property taxes per acre.