Bill > LB1135

This bill changes provisions relating to conservation or preservation easements and property tax exemptions relating to such easements. It amends existing laws to: 1) require approval by the appropriate governing body before a conservation or preservation easement can be recorded; 2) allow protests of denials of such easements to be made to the county board of equalization; 3) limit the duration of conservation or preservation easements to 99 years, with the ability to extend the duration; 4) allow the release of such easements under certain conditions; and 5) provide for tax exemptions for property subject to these easements. The bill also gives the Tax Equalization and Review Commission the power to hear appeals of final decisions by county boards of equalization denying a conservation or preservation easement.