This bill amends section 77-27,132 of the Revised Statutes Cumulative Supplement, 2024, to modify the distribution of sales and use tax revenue in Nebraska. Notably, it establishes a new operative date of October 1, 2025, for certain provisions. The bill specifies that for transactions occurring on or after this date, the sales and use tax proceeds from the sale or lease of motorboats, personal watercraft, all-terrain vehicles, and utility-type vehicles will be credited to the Game and Parks Commission Capital Maintenance Fund, with additional transfers to the Nebraska Emergency Medical System Operations Fund.

Additionally, the bill changes the allocation of sales and use tax proceeds derived from transactions other than those specified in previous subdivisions. It adjusts the sales tax rate from one-quarter of one percent to one-half of one percent, with 85% of the proceeds credited to the Highway Trust Fund and 15% to the Highway Allocation Fund. The bill also includes provisions for crediting the Property Tax Credit Cash Fund and the Department of Transportation Aeronautics Capital Improvement Fund, while repealing the original section 77-27,132.