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. For instance, the bill proposes 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, while the previous allocation to the Nebraska Tourism Commission Promotional Cash Fund is eliminated.

Additionally, the bill establishes that the Nebraska Tourism Commission Promotional Cash Fund will now consist of revenue from vendors and retailers, as well as revenue from advertising sales, rather than from the tax on cash devices. The act is set to become operative on October 1, 2025, and it repeals the original sections of the law that are being amended.

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