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NE LB1008
Bill
Status
1/13/2026
Primary Sponsor
Tom Brandt
Click for details
AI Summary
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Amends section 77-7305 to add a new provision for tax year 2030, setting the minimum property tax relief at the prior year's amount plus a percentage increase tied to total assessed real property value growth, plus an additional $75 million
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Modifies the formula for tax year 2031 and thereafter by removing the previous 3% automatic increase that was applied after calculating the assessed value percentage adjustment
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Removes language that excluded additional relief provided under subdivision (1)(b) from the base calculation for subsequent years' minimum relief amounts
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Maintains existing minimum relief amounts for tax years 2024-2029, ranging from $750 million (2024) to $902 million (2029)
Legislative Description
Change provisions relating to the amount of relief granted under the School District Property Tax Relief Act
Last Action
Notice of hearing for February 19, 2026
2/11/2026