The Destination Nebraska Act is designed to boost Nebraska's economic development by establishing "destination districts" that focus on attracting out-of-state visitors through unique sports and retail mixed-use projects. The bill outlines a structured application process for creating these districts, which can only be two statewide, each lasting forty years and covering a maximum of five thousand acres. It also introduces a state occupation tax on transactions within these districts, determined by the Department of Economic Development, and allows for the issuance of bonds to fund projects. Additionally, the act amends existing law to redefine "extremely blighted area" to include areas within the newly established destination districts.

Furthermore, the bill provides definitions and clarifications related to redevelopment projects, particularly in rural communities, and emphasizes the importance of adhering to municipal guidelines. It defines key terms such as "new investment," "redeveloper," and "workforce housing," while outlining the criteria for affordable housing options. The bill also repeals the original section 18-2103 of the Revised Statutes Cumulative Supplement, 2024, indicating a significant update to the legal framework governing redevelopment efforts. Overall, the act aims to enhance redevelopment initiatives, particularly in addressing blighted areas and promoting affordable housing for working families in rural communities.

Statutes affected:
Introduced: 18-2103