Adopt the Recreational Trail Easement Property Tax Exemption Act and the Adoption Tax Credit Act and change provisions relating to budget limitations, property tax request authority, municipal occupation taxes, real property assessments, the Property Tax Request Act, income tax credits, taxation of business entities, the School District Property Tax Relief Act, and the Nebraska educational savings plan trust

Added a new Recreational Trail Easement Property Tax Exemption Act that provides property tax exemptions for land encumbered with perpetual recreational trail easements.

Defined eligible holders as municipalities, counties, agencies, land trusts accredited by the Land Trust Alliance, or nonprofit organizations with missions aligned with public access and recreational land conservation.

Added definitions for 'eligible holder' and 'recreational trail easement' as a perpetual easement granting public access for walking, hiking, bicycling, and equestrian activities.

Changed operative dates for various sections, with some sections now becoming operative on October 1, 2025, January 1, 2026, or three calendar months after legislative session adjournment.

Added requirements that qualifying easements must be perpetual and recorded with the appropriate county register of deeds, and must provide public access connecting to existing or planned regional trails or local attractions.

Changed the bill's committee assignment from Enrollment and Review to Revenue Committee, and updated the bill's title and introductory text to reflect the new recreational trail easement provisions.