The bill, signed into law on May 6, establishes the Community Development Assistance Act, which aims to support areas of chronic economic distress in Nebraska by allowing community betterment organizations to apply for tax credits for contributions to community assistance programs. The act defines key terms and sets a cap of $350,000 on the total tax credits granted each fiscal year. Additionally, the bill amends various sections of the Nebraska Revised Statutes, including provisions related to land banks, motor vehicle tax exemptions for disabled veterans, and community colleges, while also addressing sales tax collection fees and establishing an audit process for tax reporting irregularities.

Significant amendments include the expansion of the definition of "disabled veteran" to align with federal standards, allowing both disabled and blind veterans to qualify for certain tax exemptions. The bill also modifies procedures for political subdivisions seeking to increase property tax requests, requiring public hearings and resolutions for increases beyond allowable growth percentages. Furthermore, it introduces new provisions for property tax sales, including changes to the responsibilities of county treasurers and the foreclosure process for tax liens. Overall, the bill aims to enhance transparency, streamline tax processes, and provide economic support through various tax credit programs and property tax relief measures.

Statutes affected:
Introduced: 13-3106, 77-908, 77-2701.04, 77-2701.16, 77-2703, 77-2704.36, 77-2708, 77-2715.07, 77-2716, 77-2717, 77-2733, 77-2734.03, 77-3109, 77-3110, 77-3111, 77-3120, 77-3125, 77-3126, 77-3136, 77-3143, 77-3152, 77-3169, 77-3806, 77-4405, 77-6605, 77-6607, 77-6610, 77-6919, 77-7012
Final Reading: 18-3417, 77-202.23, 77-202.24, 77-908, 77-1632, 77-1633, 77-1802, 77-1804, 77-1806, 77-1807, 77-1815, 77-1816, 77-1818, 77-1819, 77-1823, 77-1825, 77-1829, 77-1831, 77-1832, 77-1833, 77-1836, 77-1837, 77-1838, 77-1856, 77-1902, 77-1909, 77-2701.16, 77-2703, 77-2706.02, 77-2708, 77-2711, 77-2715.07, 77-2734.03, 77-3110, 77-3120, 77-3126, 77-3136, 77-3169, 77-3806, 77-4602, 77-6605, 77-6919, 77-7012, 77-7304, 77-7305, 81-1201.12
Slip Law: 18-3417, 77-202.23, 77-202.24, 77-908, 77-1632, 77-1633, 77-1802, 77-1804, 77-1806, 77-1807, 77-1815, 77-1816, 77-1818, 77-1819, 77-1823, 77-1825, 77-1829, 77-1831, 77-1832, 77-1833, 77-1836, 77-1837, 77-1838, 77-1856, 77-1902, 77-1909, 77-2701.16, 77-2703, 77-2706.02, 77-2708, 77-2711, 77-2715.07, 77-2734.03, 77-3110, 77-3120, 77-3126, 77-3136, 77-3169, 77-3806, 77-4602, 77-6605, 77-6919, 77-7012, 77-7304, 77-7305, 81-1201.12