This bill amends several sections of the Nebraska Revised Statutes to adjust the sales tax rate and the distribution of sales and use tax revenue. Notably, it establishes a new sales tax rate structure that will be in effect until October 1, 2025, with a general rate of five and one-half percent, and a reduced rate of two and three-quarters percent for transactions within designated good life districts. Additionally, starting October 1, 2025, the sales tax will revert to five percent, with specific rates for transactions in good life districts and a higher rate of fifteen and one-half percent on sales of alcoholic liquor. The bill also creates the Alcohol Addiction Prevention and Treatment Fund, which will receive fifty percent of the proceeds from sales tax on alcoholic liquor, with the other half allocated to the Education Future Fund.

Furthermore, the bill modifies the distribution of sales tax revenues, particularly those collected from the sale or lease of motor vehicles and other specified items, directing funds to various state funds, including the Game and Parks Commission Capital Maintenance Fund and the Highway Trust Fund. The Alcohol Addiction Prevention and Treatment Fund is established to support initiatives for the prevention and treatment of alcohol addiction, and the bill includes provisions for the administration and investment of this fund by the Department of Health and Human Services. The original sections of the statutes being amended are repealed, ensuring that the new provisions take effect.

Statutes affected:
Introduced: 77-2701.02, 77-4405