LB628

Nebraska LB628 proposes the Recreational Trail Easement Property Tax Exemption Act, offering tax exemptions for recreational trail easements.

Nebraska LB628 introduces the Recreational Trail Easement Property Tax Exemption Act, which provides tax exemptions for recreational trail easements. The act aims to promote public health, economic development, environmental conservation, and connectivity. It outlines guidelines for nonprofit organizations and other eligible holders to demonstrate their eligibility for holding recreational trail easements. The act also details procedures for certifying the public benefit of qualifying easements and ensuring compliance with public access and connectivity requirements.