This legislative bill amends various sections of Nebraska law to enhance provisions related to census data, particularly concerning development districts and the Convention Center Facility Financing Assistance Act. Key updates include redefining terms under the Community Development Law and the ImagiNE Nebraska Act, and establishing that population data for funding allocations will be based on the latest federal decennial census or, if unavailable, data from the Department of Economic Development. The bill also introduces a requirement for committees overseeing funding distribution in high poverty areas to include local government representatives and residents, while modifying the criteria for identifying these areas to rely on the American Community Survey 5-Year Estimate instead of the federal decennial census.

Furthermore, the bill outlines amendments related to redevelopment projects and tax incentives, defining terms such as "new investment" and "redevelopment project," and clarifying the roles of stakeholders. It sets criteria for taxpayers to qualify for sales and use tax incentives based on their investments and new employee hires, with thresholds ranging from $250,000 to $250 million. The bill also specifies that wages over one million dollars will be excluded from tax credit calculations and introduces provisions for increasing credit percentages for businesses in extremely blighted areas. It mandates annual reporting for businesses receiving job training grants to ensure accountability. The bill will become operative on July 1, 2025, and includes a provision for immediate effect due to an emergency declaration.

Statutes affected:
Introduced: 13-1906, 13-2610, 18-2103, 77-6831, 77-6906, 81-1203
Final Reading: 13-1906, 13-2610, 18-2103, 77-6831, 77-6906, 81-1203
Slip Law: 13-1906, 13-2610, 18-2103, 77-6831, 77-6906, 81-1203