This bill amends section 13-3403 of the Revised Statutes Cumulative Supplement, 2024, to modify the calculation of property tax request authority for political subdivisions in Nebraska, effective for fiscal years beginning on or after July 1, 2025. The preliminary property tax request authority will continue to be based on the amount levied in the prior fiscal year, adjusted for exceptions. However, the bill introduces new provisions that allow for increases in property tax request authority based on the proportion of a political subdivision's budget allocated to public safety services.

Specifically, if public safety services account for twenty percent or more of the budget funded by property taxes, the request authority can be increased by a combination of the prior year's levied amount adjusted for growth and inflation. If public safety services account for less than twenty percent, the increase is similarly calculated but with a minimum increase of two percent instead of zero. The bill also repeals the original section 13-3403 and declares an emergency for immediate effect upon passage.

Statutes affected:
Introduced: 13-3403