This bill amends the Mechanical Amusement Device Tax Act by changing the tax rate imposed on cash devices from five percent to fifteen percent of their net operating revenue. It also modifies how the collected taxes are distributed, with significant changes to the allocation percentages for various funds. Specifically, the bill stipulates that five percent of the tax revenue will go to the Charitable Gaming Operations Fund, twenty percent to the General Fund, and forty-seven and one-half percent to the Education Future Fund, among other adjustments. The bill establishes that these changes will take effect on October 1, 2025.

Additionally, the bill repeals the original sections of the law that governed the previous tax structure and revenue distribution. The Nebraska Tourism Commission Promotional Cash Fund will no longer receive revenue from the tax collected on cash devices, as this revenue will be redirected to other funds. The bill aims to harmonize the provisions of the law while ensuring that the revenue generated from cash devices is allocated to support various state initiatives, including education and charitable gaming operations.

Statutes affected:
Introduced: 77-3012, 81-3729