LB803

Adopt the First-Time Home Buyer Savings Account Act and change provisions relating to the Sports Arena Facility Financing Assistance Act, the Property Tax Growth Limitation Act, the Domestic Violence and Human Trafficking Service Providers Tax Credit Act, property tax valuation and levy procedures, homestead exemptions, and income taxes

Complete·4/17/26

Nebraska LB803 amends property tax valuation and levy procedures, and repeals original section 77-1229.

Nebraska LB803 modifies the procedures for listing and valuing taxable tangible personal property, requiring all persons to file forms with the county assessor by May 1 each year. It also mandates that those seeking personal property exemptions must file copies of required forms with the county assessor annually. The bill repeals the original section 77-1229, Revised Statutes Cumulative Supplement, 2024.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
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Democratic CaucusRepublican Caucus

Roll Call Votes

48 Yea

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1 Nay

N

Calendar

Feb 25

1:30 PM

Revenue Hearing

History

Apr 17

Legislature

Presented to Governor on April 10, 2026

Apr 17

Legislature

Approved by Governor on April 16, 2026

Apr 17

Legislature

Provisions/portions of LB575 amended into LB803 by AM2651