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LB 34 - Amends State Property Tax Rates - Nebraska Key Vote

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Title: Amends State Property Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that amends the state property tax rates to provide a relief of $185 million.

Highlights:

  • Requires previously separate property tax relief initiatives, the Property Tax Growth Limitation Act and the School District Property Tax Relief Act combine into one act to narrow the focus of tax relief efforts (Sec. 1).

  • Specifies new acts and redefines terms to reduce complexity and overlaps in tax relief and budget management (Sec. 1).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 2).

Full Bill Text

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