Bill > LB1154

This bill amends the Property Tax Growth Limitation Act by changing how a political subdivision's property tax request authority is calculated. Specifically, it modifies section 13-3403 of the Revised Statutes Supplement, 2025, to include additional exceptions when determining the preliminary property tax request authority. Previously, only exceptions listed in subdivision (1) to (7) of section 13-3404 were subtracted, but this bill expands that to include subdivisions (1), (2), (4), (5), (6), and (7) of that section, effectively allowing for a larger initial property tax request. The bill also repeals the original section 13-3403, meaning the changes made here will be the operative law. The Property Tax Growth Limitation Act is a state law designed to limit how much property tax revenue political subdivisions, such as cities and counties, can increase each year.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63386