NE LR118

Proposes an interim study to develop a standardized method for classifying and valuing property (real property and improvements) at biofuel facilities across Nebraska

Addresses current inconsistencies in how different counties and assessors value and tax biofuel facility property, which creates unequal tax burdens and may discourage investment

Assigns the Revenue Committee to conduct the study and report findings and recommendations to the Legislative Council or Legislature

Aims to provide clarity for county assessors, property tax-funded entities, property owners, and developers while stimulating growth in Nebraska's biofuel sector