Rename the School District Property Tax Relief Act as the Live Here Thrive Here Act and the School District Property Tax Relief Credit Fund as the Live Here Thrive Here Credit Fund and change the distribution of property tax credits under the act

Summary

The bill changes the name of Nebraska’s School District Property Tax Relief Act to the Live Here Thrive Here Act and renames its credit fund. It updates the formula the Tax Commissioner uses to move surplus General Fund money into either the state cash reserve or the new credit fund, and it sets minimum yearly credit amounts while limiting credits to resident owners starting in 2027. The measure failed and was indefinitely postponed.

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