Bill > LB582

This bill modifies the Mechanical Amusement Device Tax Act by changing the tax rate and revenue distribution for cash devices (which appear to be gambling or gaming machines) in Nebraska. The bill increases the tax rate from 5% to 15% of net operating revenue and significantly restructures how the collected taxes are allocated. Instead of 10% going to the Nebraska Tourism Commission Promotional Cash Fund, the revenue will now be distributed differently: 5% to the Charitable Gaming Operations Fund, 2.5% to the Compulsive Gamblers Assistance Fund, 20% to the General Fund, 47.5% to the Education Future Fund, 17.5% to the Property Tax Credit Cash Fund, and 7.5% split between the county and city/village where the cash device is located. Additionally, the bill removes the provision that previously allowed revenue from cash device taxes to be submitted to the Nebraska Tourism Commission Promotional Cash Fund. The changes will become operative on October 1, 2025, and apply to cash devices operating within the state for profit, with exceptions for certain fraternal and veterans organizations.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59647