PREPARED BY: Nikki Swope
LB 63 DATE PREPARED: July 29, 2024
PHONE: 402-471-0042
Revision: 00
FISCAL NOTE
LEGISLATIVE FISCAL ANALYST ESTIMATE
ESTIMATE OF FISCAL IMPACT – STATE AGENCIES (See narrative for political subdivision estimates)
FY 2024-25 FY 2025-26
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS See below See below See below See below
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB 63 relates to revenue and taxation; to state legislative intent relating to the sales tax, the income tax, and the property tax.
The bill intends to make changes to the sales tax, the income tax, and the property tax in a way that results in property tax relief for
Nebraskans. However, the bill does not provide any methodology or specific statutory changes to achieve this goal.
The fiscal impact is, therefore, indeterminable.