One Hundred Eighth Legislature - First Special Session - 2024 Introducer€s Statement of Intent LB22 € Chairperson: Senator Lou Ann Linehan Committee: Revenue Date of Hearing: July 31, 2024 € The following constitutes the reasons for this bill and the purposes which are sought to be accomplished thereby: LB22 provides property tax relief to homeowners by creating a universal homestead exemption on the first $100,000 of taxable value of a home. € Principal Introducer:________________________________ Senator John Cavanaugh - 1 -