# Nebraska LB501: Change provisions relating to the assessment of real property that suffers significant property damage Nebraska LB501, Change provisions relating to the assessment of real property that suffers significant property damage, is a 109th Legislature 1st and 2nd Sessions legislature bill sponsored by Glen Meyer; status signed, last action 2025-04-07 (Approved by Governor on April 7, 2025); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/NE-LB501-109 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nebraska LB501 - State: Nebraska - Session: 109th Legislature 1st and 2nd Sessions - Title: Change provisions relating to the assessment of real property that suffers significant property damage - Status: signed - Chamber: legislature - Introduced: 2025-01-21 - Last action: 2025-04-07, Approved by Governor on April 7, 2025 - Sponsor: Glen Meyer - Cosponsors: 0 - Subjects: Revenue Committee - Touches household money: yes - Roll calls: 2 (85 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Lower property taxes after major damage: benefit, medium. The law defines damaged real property as damage on or after January 1 and before July 1, not caused by the owner. Damage must be more than 20% of the building’s assessed value, or more than 20% of the land’s assessed value. If you qualify, the county board sets your assessed value to the value on t… - No immediate tax collection on damaged property: benefit, medium. If your property meets the damaged‑property test, the county treasurer does not start immediate collection actions. This includes distress warrants and distraint. Normal collection rules still apply to other properties. This protects owners while the reduced assessment is processed. - Refunds for damaged mobile homes: benefit, low. If you moved a mobile home and paid accelerated tax, and it later suffers significant damage, you can request a refund. File the damaged‑property report by July 15. You can get back the part of the accelerated tax tied to the value the county board reduces because of the damage. ## Sponsors and cosponsors - Sponsor: Glen Meyer, Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-03 | legislature | Final Reading | pass | 47 | 0 | 2 | | 2025-02-27 | legislature | Vote | fail | 38 | 0 | 11 | ## Actions (13) - 2025-04-07: Approved by Governor on April 7, 2025 (legislature) - 2025-04-03: Presented to Governor on April 3, 2025 (legislature) - 2025-04-03: President/Speaker signed (legislature) - 2025-04-03: Passed on Final Reading with Emergency Clause 47-0-2 (legislature) - 2025-04-03: Dispensing of reading at large approved (legislature) - 2025-03-19: Placed on Final Reading (legislature) - 2025-03-11: Advanced to Enrollment and Review for Engrossment (legislature) - 2025-03-05: Placed on Select File (legislature) - 2025-02-27: Advanced to Enrollment and Review Initial (legislature) - 2025-02-11: Placed on General File (legislature) - 2025-01-28: Notice of hearing for February 05, 2025 (legislature) - 2025-01-23: Referred to Revenue Committee (legislature) - 2025-01-21: Date of introduction (legislature) ## Bill text - Introduced, 2025-01-21: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB501.pdf) - Enrolled / Slip Law: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB501.pdf) - Final / Enacted: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB501.pdf) ## Related bills - LB468: Change provisions relating to inheritance taxes, change certain fee and tax provisions, and eliminate a sales tax exemption relating to data centers (failed) - LB13: Require the Department of Health and Human Services to file a state plan amendment relating to child care (failed) - LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide for regulation of medical cannabis (failed) - LB646: Provide an exemption from brand inspections and change fees under the Livestock Brand Act (failed) - LB170: Eliminate the sales tax exemptions for candy and soft drinks (failed) - LB714: Change provisions relating to motor vehicle taxes and fees (failed) ## Sources - [Introduced (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB501.pdf) - [Enrolled / Slip Law (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB501.pdf) - [Final / Enacted (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB501.pdf) ## Related - [LB468: Change provisions relating to inheritance taxes, change certain fee and tax pro…](https://policyrisk.com/state-bill/NE-LB468-109) - [LB13: Require the Department of Health and Human Services to file a state plan amendm…](https://policyrisk.com/state-bill/NE-LB13-109) - [LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide f…](https://policyrisk.com/state-bill/NE-LB677-109) - [LB646: Provide an exemption from brand inspections and change fees under the Livestock…](https://policyrisk.com/state-bill/NE-LB646-109) - [LB170: Eliminate the sales tax exemptions for candy and soft drinks](https://policyrisk.com/state-bill/NE-LB170-109) - [LB714: Change provisions relating to motor vehicle taxes and fees](https://policyrisk.com/state-bill/NE-LB714-109) - [Nebraska bills](https://policyrisk.com/states/nebraska/bills) - [Nebraska state hub](https://policyrisk.com/states/nebraska) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/NE-LB501-109 (as of 2026-10-17).