Bill > LB628

This bill introduces the Recreational Trail Easement Property Tax Exemption Act, which aims to encourage the creation of public recreational trails by offering property tax incentives to landowners. The act allows property owners who grant perpetual, public-access trail easements to receive an annual property tax exemption of ten cents per square foot of encumbered land. To qualify, the easement must be recorded with the county, provide public access, connect to existing or planned trails or local attractions, and be held by an eligible entity such as a municipality, county, accredited land trust, or nonprofit organization with a mission focused on public access and land conservation. Eligible landowners must apply to the Department of Revenue with proof of the recorded easement and certification from the easement holder. The bill's broader goals include promoting public health, supporting economic development and tourism, advancing environmental conservation, and enhancing community connectivity. The tax exemption cannot exceed the property's annual tax liability, and the act will become operative on January 1, 2026. By offering this financial incentive, the legislation seeks to create more accessible recreational trails throughout Nebraska while providing a benefit to participating landowners.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59799