This legislative bill seeks to amend Nebraska's tax laws by eliminating certain sales and use tax exemptions while introducing new taxable services. Notable exemptions being removed include those for telefloral deliveries and fine art purchases by museums. In contrast, the bill introduces taxation on services such as hair care, travel agency services, and weight loss services. Additionally, it clarifies the Mechanical Amusement Device Tax Act, stating that the occupation tax imposed is supplementary to any sales and use tax on gross receipts from mechanical amusement devices.

The bill also requires the creation of a tax expenditure report to assess the revenue loss from existing tax exemptions and the implications of not taxing certain services. It aims to enhance transparency in tax expenditures and streamline the tax structure in Nebraska. Furthermore, it establishes an operative date of October 1, 2025, and includes provisions for repealing specific sections of the Revised Statutes Cumulative Supplement, 2024, and the Reissue Revised Statutes of Nebraska, indicating a comprehensive restructuring of the tax framework related to mechanical amusement devices.

Statutes affected:
Introduced: 77-382, 77-2701.16, 77-3005