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, maintaining a rate of five and one-half percent until October 1, 2025, after which it will revert to five percent, with specific rates for transactions within designated good life districts and for 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 starting October 1, 2025, with the other half allocated to the Education Future Fund.

Additionally, the bill modifies the provisions related to the Revenue Distribution Fund and the eligibility criteria for projects within good life districts. It specifies that transactions occurring within these districts will benefit from reduced sales tax rates during specified periods. The Alcohol Addiction Prevention and Treatment Fund is established to support initiatives for the prevention and treatment of alcohol addiction, and the bill repeals the original sections of the statutes that are being amended.

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