This bill establishes municipal property tax levy limits and allows for those limits to be exceeded only under certain specified circumstances. The provisions in this bill are similar to provisions that were originally enacted in Public Law 2005, chapter 2, also known as L.D. 1, as subsequently amended and then repealed in Public Law 2023, chapter
603, except that this bill applies to municipal fiscal years beginning on or after July 1, 2026.

Statutes affected:
Bill Text LD 542, HP 361: 30-A.5681, 30-A.7102