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LB 494

Change provisions relating to the School District Property Tax Relief Act and transfers of General Fund net receipts to the Cash Reserve Fund and the School District Property Tax Relief Credit Fund

109th Legislature (2025-2026) Introduced by Myron Dorn

Bill 10 SummaryBill Number: LB 494Title: Change provisions relating to the School District Property Tax Relief Act and transfers of General Fund net receipts to the Cash Reserve Fu

Title printed. Carryover bill
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Bill Summary · LB 494

Bill 10 Summary

Bill Number: LB 494
Title: Change provisions relating to the School District Property Tax Relief Act and transfers of General Fund net receipts to the Cash Reserve Fund and the School District Property Tax Relief Credit Fund

Summary:
- Clarifies that automatic transfers from the General Fund to the Cash Reserve Fund and School District Property Tax Relief Credit Fund will only occur if the actual net General Fund receipts for the current year exceed the certified forecast
- This addresses an issue raised by the adoption of LB 34 in the 2024 Special Session

Compiled from official sources — confirm details with the bill’s official record.

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