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 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 transactions other than those specified in previous subdivisions. It introduces a new rate of one-half of one percent, replacing the previous rate of one-quarter of one percent, and allocates 85% of the proceeds 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.