Bill
LB 484
Bill 2 SummaryMain Purpose and Intent: - LB 484 would repeal an exemption from agricultural land valuation that was imposed on land used for commercial purposes.- The bill aims to
Main Purpose and Intent:
- LB 484 would repeal an exemption from agricultural land valuation that was imposed on land used for commercial purposes.
- The bill aims to restore clarity and consistency in the land valuation system.
Key Provisions:
- Repeals an exemption from agricultural land valuation for land used for commercial purposes.
- Addresses contradictions created by previous legislation (LB1397 amended into LB1317 in 2024).
Affected Parties:
- Owners of agricultural and commercial land in Nebraska.
- County assessors responsible for property tax valuations.
Procedural/Timeline Aspects:
- LB 484 was introduced on January 21, 2025.
- A hearing is scheduled for March 20, 2025 in the Revenue Committee.
Compiled from official sources — confirm details with the bill’s official record.
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