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NE LB990
Bill
Status
1/13/2026
Primary Sponsor
Robert Dover
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AI Summary
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Renames the School District Property Tax Relief Act to the "Live Here Thrive Here Act" and renames the associated credit fund accordingly
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Beginning in tax year 2027, restricts property tax credits to only resident individuals who own real property, excluding non-resident property owners from receiving credits
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Establishes minimum annual property tax relief amounts: $750 million (2024), $780 million (2025), $808 million (2026), $838 million (2027), $870 million (2028), $902 million (2029), with 3% annual increases starting in 2030
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Adds a definition of "resident individual" referencing section 77-2714.01 to implement the new eligibility restriction
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Maintains existing mechanisms for fund transfers from General Fund surplus revenues and county disbursement procedures, with counties retaining 1% for administrative costs
Legislative Description
Rename the School District Property Tax Relief Act as the Live Here Thrive Here Act and the School District Property Tax Relief Credit Fund as the Live Here Thrive Here Credit Fund and change the distribution of property tax credits under the act
Last Action
Notice of hearing for February 18, 2026
2/11/2026