LB 707 Legislature · 109th Legislature (2025-2026)

Change provisions relating to the sales tax rate, the Good Life Transformational Projects Act, and the Good Life District Economic Development Act

LB 707 amends three related bills: the sales tax rate provisions, the Good Life Transformational Projects Act, and the Good Life District Economic Development Act. It primarily changes deadlines from "July" to "October" for certain funding decisions and clarifies financial terms like "refunds" and "reductions from allocated amounts" in project funding. The bill directly affects local economic development projects and their funding mechanisms under these acts. These are technical adjustments to existing law, not new policy changes.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

May 2025

Legislature Passage

Jun 2025

Legislature Passage

May 2025

Signed into Law

Jun 2025

Introduced Jan 22, 2025 Signed Jun 6, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Introduced → Enrollment and Review ER87 · 6 edits

MODERATE

The bill was amended to change its subject matter from the Good Life Transformational Projects Act to a broader set of tax and economic development provisions. The original bill focused on eligibility criteria for Good Life Districts, including minimum project costs, job creation requirements, and sales tax exemptions. The amended version expands the scope to include multiple sections related to sales tax rates and economic development acts, while removing the Good Life District eligibility thresholds and related provisions.

Scope change

The bill's scope was significantly expanded from a single Good Life Districts Act to include multiple sections covering sales tax rates and various economic development acts, changing the legislative focus from project-specific eligibility to broader tax and development policy.

ELIGIBILITY

Removed eligibility requirements for Good Life Districts including minimum project costs (ranging from $100M to $1B), job creation thresholds (50-1000 jobs), and sales/out-of-state visitor requirements.

Removed provisions establishing Good Life Districts as 30-year zones with acreage limits (2,000 acres for metropolitan areas, 3,000 for others).

TIMELINE

Removed the July 1, 2024 deadline for reduced state sales tax rates in Good Life Districts.

SCOPE

Added new scope covering amendments to multiple sections including 77-2701.02, 77-4403, 77-4404, 77-4405, 77-4406, 77-4410, 77-4412, 77-4413, and 77-4414.

REQUIREMENT

Changed bill purpose from Good Life Transformational Projects Act to include sales tax rate changes, Good Life District Economic Development Act provisions, and new term definitions.

ENFORCEMENT

Removed provisions about gaming restrictions and Shovel-Ready Capital Recovery Act funding exclusions for Good Life Districts.

Floor votes · Legislature May 9, 2025

How they voted

37–0

Passed · 12 other

Total votes 49

May 9, 2025

N Nonpartisan49

37 Yea 12

75% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 6, 2025

Signed into law

Approved by Governor on June 4, 2025

executive

Jun 2, 2025

Legislature · Passed

President/Speaker signed

legislature

Jun 2, 2025

Legislature · Passed

Passed on Final Reading with Emergency Clause 49-0-0

legislature

May 29, 2025

Legislature · Passed

von Gillern AM1642 adopted

legislature

May 27, 2025

Legislature · Passed

von Gillern AM1560 adopted

legislature

May 27, 2025

Legislature · Passed

Bostar AM1573 adopted

legislature

May 27, 2025

Legislature · Passed

von Gillern FA287 adopted

legislature

May 27, 2025

Legislature · Passed

Quick AM1581 adopted

legislature

May 27, 2025

Legislature · Passed

von Gillern FA286 adopted

legislature

May 27, 2025

Legislature · Passed

Holdcroft AM1599 adopted

legislature

May 27, 2025

Legislature · Passed

Enrollment and Review ER87 adopted

legislature

May 9, 2025

Legislature · Passed

Revenue AM1336 adopted

legislature

May 7, 2025

Legislature · Passed

Placed on General File with AM1336

legislature

Jan 24, 2025

Committee

Referred to Revenue Committee

legislature

Jan 22, 2025

Introduced

Date of introduction

legislature

1 primary · 0 co-sponsors