NebraskaSubdivisions would calculate tax request limits using prior-year figures
For fiscal years starting July 1, 2025, or later, Nebraska subdivisions would calculate tax request authority from prior-year requests and levies, with possible increases for growth and inflation.
What it does
For fiscal years starting July 1, 2025, or later, a subdivision’s tax request would be limited by its authority, which may rise based on prior-year taxes, growth, and inflation.
Argument forUsing prior-year requests and tax levies could let subdivisions adjust their tax authority as local growth and inflation change.
Argument againstThe formula could allow higher tax requests when growth or inflation raises a subdivision’s authority, which may mean larger tax bills for residents.
More detail
The proposed text calculates a subdivision’s tax request authority from prior-year tax figures, with possible increases tied to growth and inflation. The calculation applies to political subdivisions for fiscal years beginning on or after July 1, 2025. The authority may increase based on prior-year taxes levied, after subtracting certain exceptions used that year. The described limit applies to fiscal years beginning on or after July 1, 2025.
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Where it stands
- Introduced
- Postponed indefinitely
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 17Indefinitely postponedPostponed indefinitely
- Apr 17Provisions/portions of LB1154 amended into LB803 by AM2651
- Feb 23Placed on General FileMinor
- Jan 29Notice of hearing for February 05, 2026
- Jan 22Referred to Revenue CommitteeMinor
- Jan 21Kauth FA814 filedMinor
- Jan 20Date of introductionIntroduced
Taxes & Budget