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Bill > LB34

NE LB34

NE LB34
Adopt the Property Tax Growth Limitation Act and the School District Property Tax Relief Act and change provisions relating to revenue and taxation

summary

Introduced
07/26/2024
In Committee
07/29/2024
Crossed Over
08/13/2024
Passed
08/16/2024
Dead
Signed/Enacted/Adopted
08/20/2024

Introduced Session

108th Legislature 1st Special Session

Bill Summary

A BILL FOR AN ACT relating to revenue and taxation; to amend sections 13-508, 13-518, 13-2817, 29-3933, 72-2305, 72-2306, and 77-27,142, Reissue Revised Statutes of Nebraska, sections 77-1776, 77-27,144, 77-4602, and 81-12,193, Revised Statutes Cumulative Supplement, 2022, and sections 77-1632, 77-1633, 77-1701, 77-6702, and 77-6703, Revised Statutes Supplement, 2023; to adopt the Property Tax Growth Limitation Act and the School District Property Tax Relief Act; to change provisions relating to the Nebraska Budget Act, budget limitations, payments to municipal counties, county reimbursement for indigent defense systems, the Public Facilities Construction and Finance Act, the Property Tax Request Act, collection of taxes, the Local Option Revenue Act, revenue forecasting, the Nebraska Property Tax Incentive Act, and the Nebraska Transformational Project Fund; to redefine terms; to harmonize provisions; to provide severability; to repeal the original sections; and to declare an emergency.

AI Summary

This bill: Adopts the Property Tax Growth Limitation Act, which limits the annual increase in a political subdivision's (county, city, or village) property tax request to a percentage based on growth in property valuation and inflation, with some exceptions. It also adopts the School District Property Tax Relief Act, which creates a property tax credit program funded by transfers from the General Fund to provide relief for property taxes levied by school districts. The bill also makes various changes related to revenue and taxation, such as modifying provisions of the Nebraska Budget Act, budget limitations, payments to municipal counties, county reimbursement for indigent defense systems, the Public Facilities Construction and Finance Act, the Property Tax Request Act, collection of taxes, the Local Option Revenue Act, revenue forecasting, the Nebraska Property Tax Incentive Act, and the Nebraska Transformational Project Fund.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Approved by the Governor on August 20, 2024 (on 08/21/2024)

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bill summary

Document Type Source Location
State Bill Page https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=58075
BillText https://nebraskalegislature.gov/FloorDocs/108/PDF/Slip/LB34_S1.pdf
Wayne AM137 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM137_S1.pdf
Brewer MO195 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO195_S1.pdf
Wayne AM141 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM141_S1.pdf
BillText https://nebraskalegislature.gov/FloorDocs/108/PDF/Final/LB34_S1.pdf
Hansen MO162 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO162_S1.pdf
Hansen MO163 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO163_S1.pdf
Linehan FA141 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA141_S1.pdf
Linehan FA161 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA161_S1.pdf
Linehan FA142 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA142_S1.pdf
Linehan FA151 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA151_S1.pdf
Linehan FA152 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA152_S1.pdf
Linehan FA153 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA153_S1.pdf
Linehan FA154 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA154_S1.pdf
Linehan FA155 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA155_S1.pdf
Linehan FA156 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA156_S1.pdf
Linehan FA157 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA157_S1.pdf
Linehan FA158 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA158_S1.pdf
Linehan FA159 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA159_S1.pdf
Linehan FA160 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA160_S1.pdf
Linehan FA140 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA140_S1.pdf
Linehan FA139 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA139_S1.pdf
Linehan AM124 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM124_S1.pdf
Wayne FA164 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA164_S1.pdf
Brewer MO189 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO189_S1.pdf
Wayne FA165 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA165_S1.pdf
Wayne AM130 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM130_S1.pdf
Linehan MO187 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO187_S1.pdf
Cavanaugh, M. MO186 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO186_S1.pdf
Riepe AM115 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM115_S1.pdf
Linehan AM109 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM109_S1.pdf
Enrollment and Review ER1 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/ER1_S1.pdf
Fiscal Note for LB34 https://nebraskalegislature.gov/FloorDocs/108/PDF/FN/LB34_S1_20240814-163926.pdf
Erdman FA121 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA121_S1.pdf
Cavanaugh, M. MO150 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO150_S1.pdf
Cavanaugh, M. MO151 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO151_S1.pdf
Brewer MO156 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO156_S1.pdf
Linehan MO152 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO152_S1.pdf
Linehan AM84 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM84_S1.pdf
Cavanaugh, M. MO153 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO153_S1.pdf
Revenue AM79 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM79_S1.pdf
Revenue AM78 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM78_S1.pdf
Revenue AM77 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM77_S1.pdf
Revenue AM76 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM76_S1.pdf
DeBoer FA120 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA120_S1.pdf
Cavanaugh, J. FA119 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA119_S1.pdf
Dungan FA118 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA118_S1.pdf
Dungan FA117 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA117_S1.pdf
Dungan FA116 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA116_S1.pdf
Revenue AM80 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM80_S1.pdf
Hunt FA110 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA110_S1.pdf
Dungan FA109 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA109_S1.pdf
Dungan FA108 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA108_S1.pdf
Ibach FA107 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA107_S1.pdf
Ibach FA106 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA106_S1.pdf
Ibach FA105 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA105_S1.pdf
Cavanaugh, M. MO149 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO149_S1.pdf
Linehan FA104 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA104_S1.pdf
Linehan FA103 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA103_S1.pdf
Revenue AM73 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/AM73_S1.pdf
Cavanaugh, M. FA97 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA97_S1.pdf
Cavanaugh, M. FA96 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA96_S1.pdf
Cavanaugh, M. FA95 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA95_S1.pdf
Cavanaugh, M. FA94 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA94_S1.pdf
Cavanaugh, M. FA93 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA93_S1.pdf
Cavanaugh, M. MO142 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO142_S1.pdf
Cavanaugh, M. MO141 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO141_S1.pdf
Cavanaugh, M. MO140 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO140_S1.pdf
Cavanaugh, M. MO139 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO139_S1.pdf
Cavanaugh, M. MO138 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO138_S1.pdf
Cavanaugh, M. MO137 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO137_S1.pdf
Linehan FA92 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA92_S1.pdf
Linehan FA91 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA91_S1.pdf
Linehan FA90 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA90_S1.pdf
Linehan FA89 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA89_S1.pdf
Linehan FA88 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/FA88_S1.pdf
Linehan MO135 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO135_S1.pdf
Linehan MO134 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO134_S1.pdf
Linehan MO133 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO133_S1.pdf
Linehan MO132 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO132_S1.pdf
Linehan MO131 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO131_S1.pdf
Linehan MO130 https://nebraskalegislature.gov/FloorDocs/108/PDF/AM/MO130_S1.pdf
Analysis - Committee Statement https://nebraskalegislature.gov/FloorDocs/108/PDF/CS/LB34_S1.pdf
Fiscal Note for LB34 https://nebraskalegislature.gov/FloorDocs/108/PDF/FN/LB34_S1_20240729-172156.pdf
BillText https://nebraskalegislature.gov/FloorDocs/108/PDF/Intro/LB34_S1.pdf
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