Nebraska · 109th Legislature (2025-2026) · Bill

LB 647: Adopt the Recreational Trail Easement Property Tax Exemption Act and the Adoption Tax Credit Act and change provisions relating to budget limitations, property tax request authority, municipal occupation taxes, real property assessments, the Property Tax Request Act, income tax credits, taxation of business entities, the School District Property Tax Relief Act, and the Nebraska educational savings plan trust

Enacted Last action June 6, 2025: Approved by Governor on June 4, 2025

Plain-language summary

LB 647 is a bill introduced in the Nebraska Legislature on January 22, 2025. According to its official title, it concerns: Adopt the Recreational Trail Easement Property Tax Exemption Act and the Adoption Tax Credit Act and change provisions relating to budget limitations, property tax request authority, municipal occupation taxes, real property assessments, the Property Tax Request Act, income tax credits, taxation of business entities, the School District Property Tax Relief Act, and the Nebraska educational savings plan trust. Primary sponsor: Revenue Committee. Most recent recorded action (June 6, 2025): Approved by Governor on June 4, 2025.

Sponsors

Primary sponsor: Revenue Committee.