summary
Introduced
01/14/2026
01/14/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to the Business Innovation Act; to amend sections 81-12,155, 81-12,158, 81-12,160, and 81-12,163, Reissue Revised Statutes of Nebraska; to change provisions relating to a qualified action plan, a financial assistance program for creating prototypes, a financial assistance program for commercializing products and processes, and legislative intent for appropriations; to repeal the original sections; and to declare an emergency.
AI Summary
This bill modifies the Business Innovation Act by changing how projects are selected, the funding requirements for prototype development, and the annual funding amounts for commercialization programs, while also adjusting legislative intent for future appropriations. Specifically, the department will no longer submit its qualified action plan, which outlines project selection criteria, to the Governor for approval, and it is now mandated to award at least four million dollars annually for prototype development and commercialization, with the option to award up to six million dollars for each program. Additionally, the bill establishes a legislative intent to appropriate fifteen million dollars annually for the Business Innovation Act starting in fiscal year 2026-27, and it repeals existing sections of the law related to these provisions, declaring an emergency for immediate effect.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Riepe name added (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=63123 |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB1044.pdf |
| Fiscal Note for LB1044 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB1044_20260130-123704.pdf |
| Fiscal Note for LB1044 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB1044_20260130-130608.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB1044.pdf |
| Kauth FA703 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA703.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB1044.pdf |
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