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 proceeds from sales and use taxes on motorboats, personal watercraft, all-terrain vehicles, and utility-type vehicles will be credited to the Game and Parks Commission Capital Maintenance Fund, with transfers made to the Nebraska Emergency Medical System Operations Fund as outlined in section 37-327.02.

Additionally, the bill changes the sales tax rate allocation for certain transactions from one-quarter of one percent to one-half of one percent, with 85% of the proceeds going to the Highway Trust Fund and 15% to the Highway Allocation Fund. It also includes provisions for crediting the Property Tax Credit Cash Fund based on certified amounts and allocates proceeds from sales and use taxes on aircraft to the Department of Transportation Aeronautics Capital Improvement Fund. The original section 77-27,132 is repealed as part of this legislative update.