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NebraskaLB399109th Legislature 1st and 2nd SessionslegislatureWALLET

Change provisions relating to property tax rates and qualifications for certain distributions under the Mutual Finance Assistance Act

Sponsored By: Dave Wordekemper

Signed by Governor

Revenue Committee

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Mutual finance tax rate omits bonds

The shared property tax rate that funds a mutual finance organization leaves out levies for bonded debt and lease‑purchase deals in place on or after July 1, 1998. This can lower the group rate used to fund the organization’s operations. It applies to groups formed by interlocal or joint public agency agreement. The change starts October 1, 2025.

More districts qualify for fire aid

Rural or suburban fire districts and mutual finance organizations can qualify more easily for state fund distributions. The share of a county’s assumed population living outside big‑city limits needed to qualify drops from 80% to 60%. They can also qualify with an assumed population of 30,000 or more. A valid mutual finance agreement must be in place. These changes apply starting October 1, 2025.

Changes start October 1, 2025

All changes in this law take effect October 1, 2025. New eligibility rules and tax rate exclusions apply on that date.

Sponsors & Cosponsors

Sponsor

  • Dave Wordekemper

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 85 • No: 0

legislature vote • 5/14/2025

Final Reading

Yes: 49 • No: 0

legislature vote • 4/23/2025

Vote

Yes: 36 • No: 0 • Other: 13

Actions Timeline

  1. Approved by Governor on May 20, 2025

    5/20/2025legislature

  2. Presented to Governor on May 14, 2025

    5/14/2025legislature

  3. President/Speaker signed

    5/14/2025legislature

  4. Passed on Final Reading 49-0-0

    5/14/2025legislature

  5. Placed on Final Reading

    5/6/2025legislature

  6. Advanced to Enrollment and Review for Engrossment

    5/1/2025legislature

  7. Placed on Select File

    4/29/2025legislature

  8. Advanced to Enrollment and Review Initial

    4/23/2025legislature

  9. Speaker priority bill

    3/17/2025legislature

  10. Placed on General File

    2/25/2025legislature

  11. Notice of hearing for February 20, 2025

    2/11/2025legislature

  12. Referred to Revenue Committee

    1/22/2025legislature

  13. Date of introduction

    1/17/2025legislature

Bill Text

  • Introduced

    1/17/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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