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LEGISLATURE OF NEBRASKA
ONE HUNDRED NINTH LEGISLATURE
SECOND SESSION
LEGISLATIVE BILL 990
Introduced by Dover, 19; Armendariz, 18; Bosn, 25; Bostar, 29; Brandt,
32; Cavanaugh, M., 6; Clouse, 37; Conrad, 46; DeKay, 40;
Dorn, 30; Hansen, 16; Holdcroft, 36; Lippincott, 34;
Lonowski, 33; McKeon, 41; Prokop, 27; Quick, 35; Rountree,
3; Sanders, 45.
Read first time January 13, 2026
Committee: Revenue
A BILL FOR AN ACT relating to revenue and taxation; to amend sections1
77-7301, 77-7302, and 77-7303, Revised Statutes Cumulative2
Supplement, 2024, and sections 77-4602, 77-7304, and 77-7305,3
Revised Statutes Supplement, 2025; to rename the School District4
Property Tax Relief Act as the Live Here Thrive Here Act and the5
School District Property Tax Relief Credit Fund as the Live Here6
Thrive Here Credit Fund; to define a term and change the7
distribution of property tax credits under the School District8
Property Tax Relief Act; to harmonize provisions; and to repeal the9
original sections. 10
Be it enacted by the people of the State of Nebraska,11
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Section 1. Section 77-4602, Revised Statutes Supplement, 2025, is1
amended to read: 2
77-4602 (1) Within fifteen days after the end of each month, the Tax3
Commissioner shall provide a public statement of actual General Fund net4
receipts, a comparison of such actual net receipts to the monthly5
estimated net receipts from the most recent forecast provided by the6
Nebraska Economic Forecasting Advisory Board pursuant to section7
77-27,158, and a comparison of such actual net receipts to the monthly8
actual net receipts for the same month of the previous fiscal year.9
(2) Within fifteen days after the end of each fiscal year, the10
public statement shall also include (a) a summary of actual General Fund11
net receipts and estimated General Fund net receipts for the fiscal year12
as certified pursuant to sections 77-4601 and 77-4603 and (b) a13
comparison of the actual General Fund net receipts for the fiscal year to14
the actual General Fund net receipts for the previous fiscal year.15
(3)(a) Within fifteen days after the end of each fiscal year, the16
Tax Commissioner shall determine: 17
(i) Actual General Fund net receipts for the most recently completed18
fiscal year minus estimated General Fund net receipts for such fiscal19
year as certified pursuant to sections 77-4601 and 77-4603; and20
(ii) Actual General Fund net receipts for the most recently21
completed fiscal year minus one hundred three percent of actual General22
Fund net receipts for the prior fiscal year. 23
(b) If the amount calculated in subdivision (3)(a)(i) of this24
section is a positive number and the amount calculated in subdivision (3)25
(a)(ii) of this section is a negative number, the Tax Commissioner shall26
certify the amount calculated in subdivision (3)(a)(i) of this section to27
the State Treasurer. The State Treasurer shall transfer such certified28
amount to the Cash Reserve Fund. 29
(c) If the amounts calculated in subdivisions (3)(a)(i) and (3)(a)30
(ii) of this section are both positive numbers and the amount calculated31
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in subdivision (3)(a)(i) of this section exceeds the amount calculated in1
subdivision (3)(a)(ii) of this section, the Tax Commissioner shall2
certify the amounts calculated in subdivisions (3)(a)(i) and (3)(a)(ii)3
of this section to the State Treasurer. The State Treasurer shall4
transfer the difference between the two certified numbers to the Cash5
Reserve Fund. The State Treasurer shall transfer the amount certified for6
subdivision (3)(a)(ii) of this section to the Live Here Thrive Here7
School District Property Tax Relief Credit Fund. 8
(d) If the amounts calculated in subdivisions (3)(a)(i) and (3)(a)9
(ii) of this section are both positive numbers and the amount calculated10
in subdivision (3)(a)(i) of this section is less than the amount11
calculated in subdivision (3)(a)(ii) of this section, the Tax12
Commissioner shall certify the amount calculated in subdivision (3)(a)(i)13
of this section to the State Treasurer. The State Treasurer shall14
transfer such certified amount to the Live Here Thrive Here School15
District Property Tax Relief Credit Fund. 16
Sec. 2. Section 77-7301, Revised Statutes Cumulative Supplement,17
2024, is amended to read: 18
77-7301 Sections 77-7301 to 77-7305 shall be known and may be cited19
as the Live Here Thrive Here School District Property Tax Relief Act.20
Sec. 3. Section 77-7302, Revised Statutes Cumulative Supplement,21
2024, is amended to read: 22
77-7302 The purpose of the Live Here Thrive Here School District23
Property Tax Relief Act is to provide property tax relief for property24
taxes levied against real property by school districts. The property tax25
relief will be made to owners of real property in the form of a property26
tax credit. 27
Sec. 4. Section 77-7303, Revised Statutes Cumulative Supplement,28
2024, is amended to read: 29
77-7303 For purposes of the Live Here Thrive Here School District30
Property Tax Relief Act: 31
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(1) Resident individual has the same meaning as in section1
77-2714.01; 2
(2) (1) School district has the same meaning as in section 79-101;3
and 4
(3) (2) School district taxes means property taxes levied on real5
property in this state by a school district or multiple-district school6
system, excluding any property taxes levied for bonded indebtedness and7
any property taxes levied as a result of an override of limits on8
property tax levies approved by voters pursuant to section 77-3444.9
Sec. 5. Section 77-7304, Revised Statutes Supplement, 2025, is10
amended to read: 11
77-7304 (1) The Live Here Thrive Here School District Property Tax12
Relief Credit Fund is created. The fund shall only be used pursuant to13
the Live Here Thrive Here School District Property Tax Relief Act. Any14
money in the fund available for investment shall be invested by the state15
investment officer pursuant to the Nebraska Capital Expansion Act and the16
Nebraska State Funds Investment Act. 17
(2)(a) The State Treasurer shall transfer seven hundred fifty18
million dollars from the General Fund to the Live Here Thrive Here School19
District Property Tax Relief Credit Fund in fiscal year 2024-25, on such20
dates and in such amounts as directed by the budget administrator of the21
budget division of the Department of Administrative Services.22
(b) Beginning in fiscal year 2025-26, it is the intent of the23
Legislature that an amount sufficient to provide the amount of property24
tax relief required by subdivision (1)(a) of section 77-7305 for each tax25
year be transferred from the General Fund to the Live Here Thrive Here26
School District Property Tax Relief Credit Fund. 27
Sec. 6. Section 77-7305, Revised Statutes Supplement, 2025, is28
amended to read: 29
77-7305 (1) The Live Here Thrive Here School District Property Tax30
Relief Act shall apply to tax year 2024 and each tax year thereafter. The31
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property tax relief shall be in the form of property tax credits which1
appear on property tax statements. Property tax credits granted under the2
act shall be credited against the amount of property taxes owed to school3
districts. Beginning in tax year 2027 and for each tax year thereafter,4
property tax credits granted under the act shall only be granted to real5
property owners that are resident individuals. The total amount of6
property tax relief granted under the act shall be determined as follows:7
(a) For tax year 2024, the minimum amount of relief granted under8
the act shall be seven hundred fifty million dollars. For tax year 2025,9
the minimum amount of relief granted under the act shall be seven hundred10
eighty million dollars. For tax year 2026, the minimum amount of relief11
granted under the act shall be eight hundred eight million dollars. For12
tax year 2027, the minimum amount of relief granted under the act shall13
be eight hundred thirty-eight million dollars. For tax year 2028, the14
minimum amount of relief granted under the act shall be eight hundred15
seventy million dollars. For tax year 2029, the minimum amount of relief16
granted under the act shall be nine hundred two million dollars. For tax17
year 2030 and each tax year thereafter, the minimum amount of relief18
granted under the act shall be the minimum amount of relief from the19
prior year, excluding any additional relief provided pursuant to20
subdivision (1)(b) of this section, with such amount then increased by21
three percent; and 22
(b) If money is transferred to the Live Here Thrive Here School23
District Property Tax Relief Credit Fund pursuant to section 77-4602,24
such amount shall be added to the minimum amount required under25
subdivision (1)(a) of this section when determining the total amount of26
relief granted under the act for the tax year in which the transfer27
occurs. If no such transfer occurs in a given tax year, the minimum28
amount required under subdivision (1)(a) of this section shall be the29
total amount of relief granted under the act for such tax year.30
(2) To determine the amount of the property tax credit for each31
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parcel, the county treasurer shall multiply the amount disbursed to the1
county under subsection (4) of this section by the ratio of the school2
district taxes levied in the current year on the parcel to the school3
district taxes levied in the current year on all real property in the4
county. The amount so determined shall be the property tax credit for5
that parcel. 6
(3) If the real property owner qualifies for a homestead exemption7
under sections 77-3501 to 77-3529, the owner shall also be qualified for8
the property tax credit provided in this section to the extent of any9
remaining liability after calculation of the homestead exemption. If the10
property tax credit provided in this section results in a property tax11
liability on the homestead that is less than zero, the amount of the12
credit which cannot be used by the taxpayer shall be returned to the13
Property Tax Administrator by July 1 of the year the amount disbursed to14
the county was disbursed. The Property Tax Administrator shall15
immediately credit any funds returned under this subsection to the Live16
Here Thrive Here School District Property Tax Relief Credit Fund. Upon17
the return of any funds under this subsection, the county treasurer shall18
electronically file a report with the Property Tax Administrator, on a19
form prescribed by the Tax Commissioner, indicating the amount of funds20
distributed to each school district in the county in the year the funds21
were returned and the amount of unused credits returned.22
(4) The amount disbursed to each county under this section shall be23
equal to the amount available for disbursement under subsection (1) of24
this section multiplied by the ratio of the school district taxes levied25
in the prior year on all real property in the county to the school26
district taxes levied in the prior year on all real property in the27
state. By September 15, 2024, and by September 15 of each year28
thereafter, the Property Tax Administrator shall determine the amount to29
be disbursed under this subsection to each county and shall certify such30
amounts to the State Treasurer and to each county. The disbursements to31
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the counties shall occur in two equal payments, the first on or before1
January 31 and the second on or before April 1. 2
(5) After retaining one percent of the amount received under3
subsection (4) of this section for costs, the county treasurer shall4
disburse the remaining funds, which are credited against the amount of5
property taxes owed to school districts, in the same manner as if such6
funds had been received in the form of property tax payments for property7
taxes owed to school districts, meaning any amounts attributable to8
divided taxes pursuant to section 18-2147 of the Community Development9
Law shall be remitted to the applicable authority for which such taxes10
were divided. 11
(6) The Live Here Thrive Here School District Property Tax Relief12
Credit Fund shall be used for purposes of making the disbursements to13
counties required under subsection (4) of this section.14
Sec. 7. Original sections 77-7301, 77-7302, and 77-7303, Revised15
Statutes Cumulative Supplement, 2024, and sections 77-4602, 77-7304, and16
77-7305, Revised Statutes Supplement, 2025, are repealed.17
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