Change provisions relating to the calculation of property tax request authority under the Property Tax Growth Limitation Act

Nebraska's LB 211 amends the Property Tax Growth Limitation Act to change how local governments (like cities and counties) calculate their annual property tax increase limit. It establishes a base limit using the prior year's property taxes minus exemptions, then allows additional increases based on either the local government's growth rate or inflation (with a 2% minimum for most entities). If public safety services (like police/fire) make up 20% or more of property tax-funded spending, the inflation-based increase uses a 0% floor; otherwise, it uses a 2% floor. The bill repeals the existing calculation method and takes effect immediately upon approval.