LB 1 Nebraska · 108th Legislature First Special Session

Adopt the Property Tax Growth Limitation Act, the School District Property Tax Relief Act, and the Advertising Services Tax Act and change revenue and taxation provisions

This bill adopts three major tax-related acts in Nebraska, including measures to limit property tax growth for counties, cities, and villages, provide relief for school districts, and introduce a new tax on advertising services. It establishes specific rules for calculating how much property taxes local governments can raise based on factors like new construction, annexations, and changes in property use, while also defining what counts as state aid. Additionally, the legislation modifies various existing tax provisions related to sales, income, and liquor taxes, and adjusts how tax revenues are distributed among different levels of government.
Bill status died 1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
Governor
Introduced Jul 25, 2024 Last action Aug 20, 2024
Floor votes

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Full legislative history

Actions timeline

Total actions
47
Key actions
0
Committee
2
Amendments
1
Aug 20, 2024
Introduced
Provisions/portions of LB1 amended into LB34 by AM84
legislature
Jul 29, 2024
Committee
Rereferred to Revenue Committee
legislature
Jul 26, 2024
Committee
Referred to Government, Military and Veterans Affairs Committee
legislature
Jul 25, 2024
Introduced
Date of introduction
legislature
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Lou Ann Linehan
Lou Ann Linehan
NNonpartisan
NE
39