Change provisions relating to property that is exempt from property taxes

This bill amends Nebraska state law to clarify and update the rules regarding which properties are exempt from property taxes. It directly affects government entities, educational institutions, religious and charitable groups, agricultural societies, and owners of certain personal property. The key changes include defining specific thresholds for when government-owned property must be approved by voters before receiving an exemption, clarifying what counts as a "public purpose," and establishing how payment-in-lieu-of-taxes should be calculated for unleased government land. Additionally, the bill expands exemptions for skilled nursing and assisted-living facilities to Medicaid beneficiaries based on their occupancy rates and limits tax-free status for student housing to only common areas like kitchens and lounges.