LB1008

Nebraska LB1008 amends the School District Property Tax Relief Act to adjust the minimum amount of property tax relief granted annually.

Nebraska LB1008 modifies the School District Property Tax Relief Act by setting specific minimum amounts of property tax relief for each tax year from 2024 to 2030. The bill specifies that the minimum relief amount for each year is based on the prior year's relief plus a percentage increase, if any, in the total assessed value of all real property in the state. The property tax relief is credited against the amount of property taxes owed to school districts. The bill also repeals the original section 77-7305 of the Revised Statutes Supplement, 2025.