Nebraska Revised Statutes Chapter 77. Revenue and Taxation § 77-7304. School District Property Tax Relief Credit Fund; created; use; investment; fund transfers

(2)(a) The State Treasurer shall transfer seven hundred fifty million dollars from the General Fund to the School District Property Tax Relief Credit Fund in fiscal year 2024-25, on such dates and in such amounts as directed by the budget administrator of the budget division of the Department of Administrative Services.

(b) Beginning in fiscal year 2025-26, it is the intent of the Legislature that an amount sufficient to provide the amount of property tax relief required by subdivision (1)(a) of section 77-7305 for each tax year be transferred from the General Fund to the School District Property Tax Relief Credit Fund.