Nebraska LB161 redefines "formula students" under the Tax Equity and Educational Opportunities Support Act.

Nebraska LB161 amends the Tax Equity and Educational Opportunities Support Act by redefining "formula students." The bill specifies that formula students include the sum of the product of fall membership multiplied by the average ratio of average daily membership to fall membership, plus 160% of qualified early childhood education fall membership and tuitioned students. The bill repeals the original section 79-1003, Reissue Revised Statutes of Nebraska, and replaces it with this new definition.

Nebraska LB161 redefines "formula students" under the Tax Equity and Educational Opportunities Support Act.

Nebraska LB161 amends the Tax Equity and Educational Opportunities Support Act by redefining "formula students." The bill specifies that formula students include the sum of the product of fall membership multiplied by the average ratio of average daily membership to fall membership, plus 160% of qualified early childhood education fall membership and tuitioned students. The bill repeals the original section 79-1003, Reissue Revised Statutes of Nebraska, and replaces it with this new definition.