NE LB510

Conditions the reduced 2.75% state sales tax rate in good life districts (starting July 1, 2025) on the local city or village first imposing a sales or occupation tax of at least 2.75% on transactions within that portion of the district

Allows cities or villages where a good life district is located to request boundary adjustments, in addition to the original applicant, and permits requests to expand districts by up to 1,000 additional acres

Requires the Department of Revenue to accept and count all certified evidence of investment commitments toward threshold requirements, with quarterly progress reports to applicants and municipalities

Creates a 90-day notice period before district termination, allowing property owners or the city/village to assume the applicant's role and responsibilities, with a 275-day extension of investment thresholds

Prohibits cities or villages from using eminent domain to acquire property within a good life district for transfer to private individuals or corporations, and includes an emergency clause for immediate effect