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 and changes the sales tax rate allocation from one-quarter of one percent to one-half of one percent for specific transactions. The bill also specifies that from October 1, 2024, 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 additional transfers to the Nebraska Emergency Medical System Operations Fund.

Furthermore, the bill outlines the distribution of sales and use tax proceeds for various categories, including motor vehicles, trailers, and semitrailers, with specific allocations to the Highway Trust Fund and Highway Allocation Fund. It also includes provisions for crediting the Property Tax Credit Cash Fund based on certified amounts and allocates proceeds from aircraft sales to the Department of Transportation Aeronautics Capital Improvement Fund. The original section 77-27,132 is repealed as part of this legislative update.