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NE LB582
Bill
Status
Introduced
1/22/2025
Primary Sponsor
Ashlei Spivey
Click for details
AI Summary
- Increases the tax on cash device net operating revenue from 5% to 15%, effective October 1, 2025
- Redistributes tax revenue allocation: Charitable Gaming Operations Fund decreases from 20% to 5%, General Fund increases from 2.5% to 20%, and Property Tax Credit Cash Fund increases from 40% to 47.5%
- Creates new allocation of 47.5% to the Education Future Fund while eliminating the previous 10% allocation to the Nebraska Tourism Commission Promotional Cash Fund
- Reduces county/local government share from 25% to 7.5%, split between county and municipality if the device is located within city or village limits
- Removes cash device tax revenue as a funding source for the Nebraska Tourism Commission Promotional Cash Fund
Legislative Description
Change provisions under the Mechanical Amusement Device Tax Act relating to the amount of tax imposed on cash devices and how such collected taxes are remitted and change the revenue submitted to the Nebraska Tourism Commission Promotional Cash Fund
Last Action
Title printed. Carryover bill
1/7/2026
Committee Referrals
Revenue1/24/2025
Full Bill Text
No bill text available