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Bill > LB265

NE LB265

Adopt the Manufacturing Modernization and Workforce Development Pilot Investment Act, transfer, change, and eliminate funds, change provisions relating to the state unemployment insurance tax rate, and eliminate the Nebraska Worker Training Board

summary

Introduced
01/15/2025
In Committee
01/17/2025
Crossed Over
02/20/2025
Passed
06/06/2025
Dead
Signed/Enacted/Adopted
06/05/2025

Introduced Session

109th Legislature

Bill Summary

A BILL FOR AN ACT relating to law; to amend sections 48-602, 48-648, 48-649.01, 48-657, 48-3405, 81-407, 81-1201.21, and 84-612, Reissue Revised Statutes of Nebraska, and sections 48-622.01, 48-622.02, 48-626, and 48-649.03, Revised Statutes Cumulative Supplement, 2024; to adopt the Manufacturing Modernization and Workforce Development Pilot Investment Act; to eliminate certain funds and change certain references to funds; to change provisions relating to the state unemployment insurance tax rate and the Workforce Development Program Cash Fund; to state legislative intent relating to certain benefits under the Employment Security Law; to provide for transfers from the Cash Reserve Fund and the Workforce Development Program Cash Fund; to eliminate the Nebraska Worker Training Board and certain fund transfers; to harmonize provisions; to provide an operative date; to repeal the original sections; to outright repeal section 48-622.03, Reissue Revised Statutes of Nebraska, and sections 22, 32, and 100, Legislative Bill 264, One Hundred Ninth Legislature, First Session, 2025; and to declare an emergency.

AI Summary

This bill establishes the Manufacturing Modernization and Workforce Development Pilot Investment Act, which aims to provide one-time grants to eligible manufacturing operations for capital investments that increase productivity and smart technology integration. Manufacturers can apply for grants between October 1, 2025, and November 1, 2026, with each grant limited to $50,000 and requiring a matching investment from the company. To qualify, manufacturers must be located in Nebraska, have been in business for at least three years, derive at least 51% of revenue from manufactured goods, employ at least three full-time workers, and demonstrate the ability to provide matching funds. The bill also makes several administrative changes, including terminating several existing funds like the State Unemployment Insurance Trust Fund and the Nebraska Training and Support Cash Fund, and transferring their remaining balances to the Workforce Development Program Cash Fund. Additionally, the bill modifies unemployment insurance tax rate calculations and provides for transfers between various state funds, including a $2.95 million transfer from the Workforce Development Program Cash Fund to the General Fund in 2025-2026. The bill is designed to support manufacturing modernization, workforce development, and provide financial flexibility for the state.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Provisions/portions of LB536 amended into LB265 by AM900 (on 06/06/2025)

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bill summary

Document Type Source Location
State Bill Page https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59113
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB265.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Engrossed/LB265.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB265.pdf
Enrollment and Review ST49 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ST49.pdf
Cavanaugh, M. AM1645 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1645.pdf
Conrad AM1643 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1643.pdf
Conrad MO339 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO339.pdf
Dungan FA340 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA340.pdf
Dungan FA339 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA339.pdf
Conrad FA338 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA338.pdf
Conrad FA337 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA337.pdf
Conrad FA336 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA336.pdf
Conrad MO338 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO338.pdf
Raybould AM1634 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1634.pdf
Conrad AM1486 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1486.pdf
Conrad AM1484 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1484.pdf
Clements AM1636 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1636.pdf
Cavanaugh, J. MO330 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO330.pdf
Cavanaugh, J. MO329 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO329.pdf
Conrad AM1466 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1466.pdf
Conrad AM977 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM977.pdf
Sorrentino AM900 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM900.pdf
Enrollment and Review ER17 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ER17.pdf
Conrad AM265 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM265.pdf
Conrad AM262 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM262.pdf
Conrad AM259 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM259.pdf
Conrad AM261 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM261.pdf
Analysis - Committee Statement https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB265.pdf
Fiscal Note for LB265 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB265_20250131-123800.pdf
Analysis - Statement of Intent https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB265.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB265.pdf
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