Bill
LB 510
Bill 2 SummaryBill Number: LB 510Title: Change provisions relating to the sales tax rate, the Good Life Transformational Projects Act, and the Good Life District Economic Developme
Bill Number: LB 510
Title: Change provisions relating to the sales tax rate, the Good Life Transformational Projects Act, and the Good Life District Economic Development Act
Status: Notice of hearing for March 19, 2025
Introduced: January 21, 2025
Classification: bill
Key Points:
- Addresses sales tax collection and procedures for continuation of a "good life district" if the original applicant no longer wants to pursue the transformational project
- Restricts the timing of the sales tax rate reduction to 2.75% within good life districts until the city/village imposes an equal sales or occupation tax
- Allows additional parties to apply for district boundary changes and clarifies evidence requirements for investment thresholds
- Requires notice before terminating a good life district and prohibits using eminent domain to acquire property within the district
Compiled from official sources — confirm details with the bill’s official record.
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