Maddy summaryThis bill creates a new homestead tax exemption for Nebraska residents, allowing owners to exclude the first $100,000 of their home's actual value from property taxes starting in 2025. The law applies to all homeowners who live in the property and works alongside existing exemptions for seniors, disabled individuals, and veterans, which remain available in addition to the new deduction. It also establishes a process for transferring these tax benefits to a new home if an owner sells their current residence and buys another before August 15 of the same year. To support this change, the bill requires the state to issue standardized application forms and ensures that the tax revenue lost from these exemptions is reimbursed by the state.
Sponsored bills
Maddy summaryThis bill directs the Nebraska Department of Aeronautics to sell any aircraft currently owned by the state that is designated for the Governor or the Governor's staff, with the proceeds from the sale going to the state's General Fund. It also prohibits the state from purchasing, leasing, or maintaining any new aircraft for the Governor or their staff, except in cases involving immediate responses to natural disasters or military emergencies. Additionally, the bill requires the department to file quarterly reports detailing all state aircraft travel, including passenger names, destinations, and trip purposes, while establishing an hourly fee for state officials to use government planes. The legislation aims to reduce property tax burdens by eliminating the state's ownership of executive aircraft and increasing transparency regarding government air travel.
Maddy summaryThis bill modifies Nebraska's property tax laws to provide homestead exemptions for disabled veterans and their surviving spouses who do not already qualify for a full tax exemption. It expands eligibility to include veterans with service-connected disabilities ranging from 10% to 99%, granting them a partial tax break based on their specific disability percentage, while maintaining full exemptions for those with 100% permanent or temporary disabilities. The legislation also clarifies that surviving spouses of these veterans can claim the exemption if they remain unmarried or remarry after turning 57 years old. To receive these benefits, eligible individuals must submit annual applications to the state, with full certification from the Department of Veterans Affairs required every five years.
Maddy summaryThis bill proposes to create a new property tax credit program specifically for owners of real property in Nebraska to help offset taxes levied by school districts. The legislation establishes a dedicated fund that would distribute money to counties based on the amount of school district taxes collected within each area, with funds then allocated to individual property owners as credits on their tax statements. The plan includes a specific funding amount for the 2024 tax year and a mechanism to increase the relief by thirty million dollars annually in subsequent years. Additionally, the bill updates the existing Nebraska Property Tax Incentive Act to clarify definitions and ensure consistency with the new relief program.