Nebraska 109th Legislature (2025-2026) Status: In Committee

LB 242 — Change the Property Tax Growth Limitation Act and the School District Property Tax Relief Act and change provisions relating to budget limitations, municipal occupation taxes, and property tax statements

Last action — Indefinitely postponed

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Legislature
  4. 4
    To Executive
  5. 5
    Enacted

This bill is in committee in the Legislature. Introduced January 14, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Legislature.

Prognosis

Stalled 14% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

5 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies various sections of Nebraska law related to property tax request authority and governmental budget limitations.

  • 13-518

    except that for fiscal years beginning on or after July 1, 2025, such term shall not include the governing body of any county, city, or village; → for fiscal years beginning on or after July 1, 2025, such term shall not include the governing body of any county, city, or village;

    Excludes counties, cities, and villages from the definition of governing body for the purpose of fiscal years starting July 1, 2025.

  • 13-518

    (graphic representation omitted) → (vi) the increase in excess valuation over the redevelopment project valuation described in section 18-2147 for redevelopment projects within the governmental unit, provided the accumulated excess valuation which exists as of July 1, 2025, shall be included in the calculation of the increase in excess valuation for the governmental unit's first fiscal year beginning on or after July 1, 2025,

    Expands the allowable growth definition to include specific excess valuations from redevelopment projects, effective July 1, 2025.

  • 13-3403

    a political subdivision's property tax request for any year shall not exceed its property tax request authority as determined under this section. → a political subdivision's property tax request for any year shall not exceed its property tax request authority as determined under this section and for fiscal years beginning on or after July 1, 2025, the political subdivision shall use the property tax request authority calculated in accordance with sections 13-3404 and 13-3405.

    Clarifies that property tax request authority must be calculated according to specific sections for fiscal years starting July 1, 2025.

  • 13-3404

    may increase its property tax request authority over the amount determined under section 13-3403 by: → may increase its property tax request authority over the amount determined under section 13-3403 for fiscal years beginning on or after July 1, 2025, by:

    Indicates that property tax request authority increases must abide by rules starting in fiscal years on or after July 1, 2025.

  • 13-3406

    but accumulation of unused property tax request authority shall not exceed an aggregate of five → ; the political subdivision may carry forward to future budget years the amount of unused property tax request authority, but accumulation of unused property tax request authority shall not exceed an aggregate of five years.

    Allows political subdivisions to carry unused property tax request authority forward but limits the accumulation to five years.

Action History

  1. Indefinitely postponed

  2. Title printed. Carryover bill

  3. Provisions/portions of LB242 amended into LB647 by AM1202

  4. Notice of hearing for March 05, 2025

  5. Referred to Revenue Committee

  6. Date of introduction

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 48 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (48)

48 members have not signed on to this bill.

Show all 48 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors LB 242?
LB 242 is sponsored by Merv Riepe.
What is the current status of LB 242?
This bill is in committee in the Legislature. Introduced January 14, 2025. It must pass committee before a floor vote.
Where can I track LB 242?
Track LB 242 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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