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NE LB33

NE LB33
Change provisions relating to tax credits for school district taxes paid under the Nebraska Property Tax Incentive Act


summary

Introduced
07/26/2024
In Committee
07/29/2024
Crossed Over
Passed
Dead
08/21/2024

Introduced Session

108th Legislature 1st Special Session

Bill Summary

A BILL FOR AN ACT relating to the Nebraska Property Tax Incentive Act; to amend section 77-6703, Revised Statutes Supplement, 2023; to change provisions related to tax credits for school district taxes paid; and to repeal the original section.

AI Summary

This bill amends the Nebraska Property Tax Incentive Act to change the provisions related to tax credits for school district taxes paid. The bill increases the total amount of credits available for taxable years beginning or deemed to begin during calendar years 2024 and 2025. It also extends the automatic annual increase in the maximum amount of credits allowed through calendar year 2030 and each year thereafter. Additionally, the bill repeals the original section of the law being amended.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Indefinitely Postponed pursuant to Rule 9, Sec. 8 (on 08/20/2024)

bill text


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