Change provisions relating to school funding and property taxes

LB 1038 changes how Nebraska school districts can raise funds through property taxes and modifies property tax credits. It eliminates certain property tax credits for homeowners and adjusts school district levy limits, allowing districts more flexibility in setting local tax rates. The bill redirects tax revenue streams, increasing funding for the Education Future Property Tax Credit Cash Fund (from 70% to 40% for cash device taxes) and modifying how General Fund transfers support schools. These changes directly affect school districts (by altering their tax-raising authority) and property taxpayers (through eliminated credits).