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NE LB265
Bill
Status
Passed
6/6/2025
Primary Sponsor
Tony Sorrentino
Click for details
AI Summary
- Creates the Manufacturing Modernization and Workforce Development Pilot Investment Act, providing one-time matching grants up to $50,000 to eligible Nebraska manufacturers for smart technology adoption and productivity improvements, with applications accepted October 1, 2025 through November 1, 2026
- Allocates up to $250,000 from the Workforce Development Program Cash Fund for manufacturing modernization grants, requiring manufacturers to provide 1:1 private matching funds
- Consolidates multiple workforce-related funds by terminating the State Unemployment Insurance Trust Fund, Nebraska Training and Support Cash Fund, and Sector Partnership Program Fund on July 1, 2025, transferring remaining balances to the Workforce Development Program Cash Fund
- Reduces the average combined unemployment tax rate by 5% for employers from January 1, 2025 through December 31, 2029
- Transfers $2,950,000 from the Workforce Development Program Cash Fund to the General Fund between July 1, 2025 and June 30, 2026
Legislative Description
Adopt the Manufacturing Modernization and Workforce Development Pilot Investment Act, transfer, change, and eliminate funds, change provisions relating to the state unemployment insurance tax rate, and eliminate the Nebraska Worker Training Board
Last Action
Provisions/portions of LB536 amended into LB265 by AM900
6/6/2025
Committee Referrals
Business and Labor1/17/2025
Full Bill Text
No bill text available