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Bill > LB990

NE LB990

NE LB990
Adopt the Games of Skill Act and use proceeds to reduce school district property tax levies

summary

Introduced
01/14/2020
In Committee
01/15/2020
Crossed Over
Passed
Dead
08/13/2020

Introduced Session

106th Legislature

Bill Summary

A BILL FOR AN ACT relating to gambling; to amend sections 28-1101, 28-1105, and 28-1113, Reissue Revised Statutes of Nebraska, section 79-1001, Revised Statutes Cumulative Supplement, 2018, and sections 9-1,101 and 77-3442, Revised Statutes Supplement, 2019; to adopt the Games of Skill Act; to redefine duties for the Department of Revenue; to provide a gambling exception for operating or participating in games of skill; to change a provision relating to the possession of gambling records; to change provisions relating to property tax levies; to change the Tax Equity and Educational Opportunities Support Act; to harmonize provisions; to provide an operative date; and to repeal the original sections.

AI Summary

This bill: Adopts the Games of Skill Act, which recognizes sports betting, fantasy sports, and certain forms of poker as games of skill that are exempt from gambling prohibitions. The bill sets up a registration and regulatory framework for operators of these games of skill, including requirements around responsible gambling practices, financial protections, and restrictions on who can participate. The bill also creates the Games of Skill School Property Tax Reduction Fund, which will be funded by registration and renewal fees from game operators and used to provide property tax relief to school districts. The bill makes corresponding changes to related laws to align with the new Games of Skill Act.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Indefinitely postponed (on 08/13/2020)

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