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Bill > LB990
NE LB990
NE LB990Rename the School District Property Tax Relief Act as the Live Here Thrive Here Act and the School District Property Tax Relief Credit Fund as the Live Here Thrive Here Credit Fund and change the distribution of property tax credits under the act
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to revenue and taxation; to amend sections 77-7301, 77-7302, and 77-7303, Revised Statutes Cumulative Supplement, 2024, and sections 77-4602, 77-7304, and 77-7305, Revised Statutes Supplement, 2025; to rename the School District Property Tax Relief Act as the Live Here Thrive Here Act and the School District Property Tax Relief Credit Fund as the Live Here Thrive Here Credit Fund; to define a term and change the distribution of property tax credits under the School District Property Tax Relief Act; to harmonize provisions; and to repeal the original sections.
AI Summary
This bill proposes to rename the "School District Property Tax Relief Act" to the "Live Here Thrive Here Act" and the associated "School District Property Tax Relief Credit Fund" to the "Live Here Thrive Here Credit Fund," with the primary purpose of providing property tax relief to owners of real property in the form of a credit against property taxes owed to school districts. A significant change is that beginning in tax year 2027, these property tax credits will only be available to "resident individuals," meaning individuals who live in the state, and the bill also modifies how excess funds are transferred to the credit fund and how property tax credits are calculated and distributed to counties.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Revenue Hearing (13:30:00 2/18/2026 Room 1524) (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62623 |
| Fiscal Note for LB990 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB990_20260217-124353.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB990.pdf |
| Kauth FA646 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA646.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB990.pdf |
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