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LEGISLATURE OF NEBRASKA
ONE HUNDRED NINTH LEGISLATURE
SECOND SESSION
LEGISLATIVE BILL 1008
Introduced by Brandt, 32.
Read first time January 13, 2026
Committee: Revenue
A BILL FOR AN ACT relating to the School District Property Tax Relief1
Act; to amend section 77-7305, Revised Statutes Supplement, 2025; to2
change provisions relating to the amount of relief granted; and to3
repeal the original section. 4
Be it enacted by the people of the State of Nebraska,5
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Section 1. Section 77-7305, Revised Statutes Supplement, 2025, is1
amended to read: 2
77-7305 (1) The School District Property Tax Relief Act shall apply3
to tax year 2024 and each tax year thereafter. The property tax relief4
shall be in the form of property tax credits which appear on property tax5
statements. Property tax credits granted under the act shall be credited6
against the amount of property taxes owed to school districts. The total7
amount of property tax relief granted under the act shall be determined8
as follows: 9
(a) For tax year 2024, the minimum amount of relief granted under10
the act shall be seven hundred fifty million dollars. For tax year 2025,11
the minimum amount of relief granted under the act shall be seven hundred12
eighty million dollars. For tax year 2026, the minimum amount of relief13
granted under the act shall be eight hundred eight million dollars. For14
tax year 2027, the minimum amount of relief granted under the act shall15
be eight hundred thirty-eight million dollars. For tax year 2028, the16
minimum amount of relief granted under the act shall be eight hundred17
seventy million dollars. For tax year 2029, the minimum amount of relief18
granted under the act shall be nine hundred two million dollars. For tax19
year 2030, the minimum amount of relief granted under the act shall be20
the minimum amount from the prior tax year plus a percentage increase21
equal to the percentage increase, if any, in the total assessed value of22
all real property in the state from the prior year to the current year,23
as determined by the Department of Revenue, plus an additional seventy-24
five million dollars. For tax year 2031 2030 and each tax year25
thereafter, the minimum amount of relief granted under the act shall be26
the minimum amount of relief from the prior tax year plus a percentage27
increase equal to the percentage increase, if any, in the total assessed28
value of all real property in the state from the prior year to the29
current year, as determined by the Department of Revenue , excluding any30
additional relief provided pursuant to subdivision (1)(b) of this31
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section, with such amount then increased by three percent; and1
(b) If money is transferred to the School District Property Tax2
Relief Credit Fund pursuant to section 77-4602, such amount shall be3
added to the minimum amount required under subdivision (1)(a) of this4
section when determining the total amount of relief granted under the act5
for the tax year in which the transfer occurs. If no such transfer occurs6
in a given tax year, the minimum amount required under subdivision (1)(a)7
of this section shall be the total amount of relief granted under the act8
for such tax year. 9
(2) To determine the amount of the property tax credit for each10
parcel, the county treasurer shall multiply the amount disbursed to the11
county under subsection (4) of this section by the ratio of the school12
district taxes levied in the current year on the parcel to the school13
district taxes levied in the current year on all real property in the14
county. The amount so determined shall be the property tax credit for15
that parcel. 16
(3) If the real property owner qualifies for a homestead exemption17
under sections 77-3501 to 77-3529, the owner shall also be qualified for18
the property tax credit provided in this section to the extent of any19
remaining liability after calculation of the homestead exemption. If the20
property tax credit provided in this section results in a property tax21
liability on the homestead that is less than zero, the amount of the22
credit which cannot be used by the taxpayer shall be returned to the23
Property Tax Administrator by July 1 of the year the amount disbursed to24
the county was disbursed. The Property Tax Administrator shall25
immediately credit any funds returned under this subsection to the School26
District Property Tax Relief Credit Fund. Upon the return of any funds27
under this subsection, the county treasurer shall electronically file a28
report with the Property Tax Administrator, on a form prescribed by the29
Tax Commissioner, indicating the amount of funds distributed to each30
school district in the county in the year the funds were returned and the31
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amount of unused credits returned. 1
(4) The amount disbursed to each county under this section shall be2
equal to the amount available for disbursement under subsection (1) of3
this section multiplied by the ratio of the school district taxes levied4
in the prior year on all real property in the county to the school5
district taxes levied in the prior year on all real property in the6
state. By September 15, 2024, and by September 15 of each year7
thereafter, the Property Tax Administrator shall determine the amount to8
be disbursed under this subsection to each county and shall certify such9
amounts to the State Treasurer and to each county. The disbursements to10
the counties shall occur in two equal payments, the first on or before11
January 31 and the second on or before April 1. 12
(5) After retaining one percent of the amount received under13
subsection (4) of this section for costs, the county treasurer shall14
disburse the remaining funds, which are credited against the amount of15
property taxes owed to school districts, in the same manner as if such16
funds had been received in the form of property tax payments for property17
taxes owed to school districts, meaning any amounts attributable to18
divided taxes pursuant to section 18-2147 of the Community Development19
Law shall be remitted to the applicable authority for which such taxes20
were divided. 21
(6) The School District Property Tax Relief Credit Fund shall be22
used for purposes of making the disbursements to counties required under23
subsection (4) of this section. 24
Sec. 2. Original section 77-7305, Revised Statutes Supplement,25
2025, is repealed. 26
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