This Nebraska bill proposes to modify how a specific gasoline tax is calculated and collected, directly affecting producers, suppliers, distributors, wholesalers, importers, and retailers. The legislation would set a minimum average wholesale price of $2.44 per gallon for tax purposes starting in 2025 and establish a cap to ensure the tax rate change does not exceed one cent per gallon between calculation periods. All revenue generated from this tax would be directed to the Highway Trust Fund, which would then distribute the money to the state Department of Transportation, counties, and municipalities for road and street projects. Although the bill outlines these specific financial and procedural changes, it was indefinitely postponed in August 2024 and did not become law.
This bill proposes to update the rules for how large cities in Nebraska can issue bonds to fund public projects. It would require a direct vote from registered voters before a city can issue bonds for any single project exceeding $80 million, unless the money is used for specific smaller expenses like street repairs, police stations, parks, or utility acquisitions. The legislation allows city councils to approve these smaller projects without a public vote, setting annual spending limits for each category such as $100,000 for police stations and $500,000 for sewer work. If passed, this change would alter the current process by adding a voter approval step for major bond issuances while maintaining streamlined approval for routine municipal improvements.
This bill establishes the Aid to Municipalities Act, which creates a state fund to provide grants to cities and villages in Nebraska for specific infrastructure projects such as water systems, airports, and public buildings. To receive funding, municipalities must submit an application to the Department of Economic Development, and individual grants cannot exceed ten million dollars. The legislation also amends existing tax laws to clarify how certain property tax revenues and other funds are classified as restricted or nonrestricted for budgeting purposes. Although the bill outlines these new financial mechanisms for local governments, it was indefinitely postponed in August 2024 and has not yet become law.
This bill proposes to amend Nebraska state tax law to create a specific income tax credit for renters. The measure would allow qualified residents to claim a credit equal to the federal renter's credit on their state income tax returns. The bill distinguishes between higher-income filers, who would receive a nonrefundable credit, and lower-income filers, who would receive a refundable credit based on a percentage of the federal amount. Although the legislation outlines these tax provisions, it was indefinitely postponed in August 2024 and did not become law.
This bill proposes a constitutional amendment that would require local governments in Nebraska to get voter approval at a November general election before taking on certain debts or financial obligations. The rule specifically applies to debts that span multiple fiscal years and mandates that these entities must have enough cash on hand to cover all future payments without relying on pledged reserves. If passed, the change would directly affect cities, counties, and other political subdivisions by adding a public vote step to their borrowing process. The amendment aims to increase transparency and public oversight over long-term financial commitments made by local entities.
This bill proposes renaming the Property Tax Credit Act and its associated cash fund while adjusting how funds are distributed to support property tax relief. It modifies the allocation of taxes collected from licensed racetracks, sales of recreational vehicles, and cash devices to increase the portion directed toward the Property Tax Assistance Credit Cash Fund. Additionally, the legislation introduces a new quarterly tax on cash devices, with a significant share of the revenue designated to help fund property tax credits for eligible Nebraskans.
This bill proposes changes to Nebraska's individual income tax structure, specifically updating tax brackets and rates for different income levels and filing statuses. The legislation establishes specific tax rates for various income tiers, including a new fifth bracket for high earners starting at $250,000, and sets a schedule for gradually reducing top tax rates over several years. It also includes provisions for adjusting the minimum and maximum dollar amounts of tax brackets for inflation based on federal guidelines. Although the bill outlines these specific policy mechanisms, it was indefinitely postponed in August 2024 and has not been enacted.
This bill proposes increasing the tax on cigarette packages sold in Nebraska and outlines how the collected revenue will be distributed among various state funds. The legislation would raise the tax rate on small packages to $2.14 and apply a proportional tax to larger packages, with specific amounts of the proceeds directed to designated accounts for health services, public safety communications, property tax credits, and Medicaid waivers. Additionally, the bill establishes a new Medicaid Waiver Cash Fund to help cover state costs for Medicaid waiver programs and ensures that funding for existing critical projects remains protected from future tax rate reductions.
This bill establishes the Solar Panel Energy Property Tax Reduction Act to provide financial assistance for installing solar panels on real property in Nebraska. It creates a grant program administered by the Department of Natural Resources, offering up to $5,000 per applicant toward the purchase and installation of solar equipment, with a total annual funding cap of $2 million. To receive these funds, property owners must submit detailed applications and commit to completing the installation within one year, while the program prohibits grants for previously installed panels or repeat applicants at the same location. The legislation also requires the department to submit annual reports detailing grant recipients, total expenditures, and estimated electricity generation to the Governor and the Legislature.
This bill proposes creating a new excise tax on individual incomes starting in 2025, which would apply only to earnings exceeding $1 million for single filers or $2 million for married couples. The tax rate is set at 9.5% minus the existing income tax rate already paid on that high income, meaning the additional charge is based on the gap between the current tax and a 9.5% rate. Revenue collected from this tax would be placed in a new account called the Tax Equity Cash Fund, which the Department of Revenue could use for its own administrative costs. Any remaining money in the fund could be transferred to the state's general budget, education fund, or property tax credit fund with legislative approval. The legislation was indefinitely postponed in August 2024 and did not become law.
This bill proposes a new luxury tax on specific high-cost items, including motor vehicles over $50,000, jewelry over $5,000, and clothing over $1,000. The tax rate is generally 2.25% of the purchase price, but it increases to 3.7% for items exceeding $400,000 and includes an additional 5% surcharge on the amount above certain higher thresholds for vehicles, watercraft, aircraft, and luxury goods. Several exemptions exist, such as for military personnel and commercial vehicles, and the tax would be collected by sellers and added to existing taxes. If enacted, the law would take effect on January 1, 2025.
This bill proposes shifting the duties of the clerk of the district court to clerk magistrates in certain Nebraska counties and allows for the consolidation of various county offices, such as the assessor and county clerk, into a single position. Under the plan, county boards must hold public hearings and seek voter approval before implementing these office consolidations, which would also change how terms are served and potentially alter residency requirements for elected officials. Additionally, the legislation outlines how county buildings should accommodate these new roles and sets specific limits on taxes that counties can levy to fund courthouse and office maintenance.
