Nebraska LB1154 amends property tax request authority calculations under the Property Tax Growth Limitation Act.

Nebraska LB1154 modifies the Property Tax Growth Limitation Act by altering how property tax request authority is calculated for political subdivisions. It sets the preliminary property tax request authority based on the previous year's approved budget, adjusted for exceptions. The authority can increase based on the prior year's taxes, the political subdivision's growth percentage, and the inflation percentage. The bill repeals the original section 13-3403.

Nebraska LB1154 amends property tax request authority calculations under the Property Tax Growth Limitation Act.

Nebraska LB1154 modifies the Property Tax Growth Limitation Act by altering how property tax request authority is calculated for political subdivisions. It sets the preliminary property tax request authority based on the previous year's approved budget, adjusted for exceptions. The authority can increase based on the prior year's taxes, the political subdivision's growth percentage, and the inflation percentage. The bill repeals the original section 13-3403.