Interim study to examine the assessment of agricultural land value based on potential income and determine whether such method of assessment is the best way to properly assess agricultural land

This legislative resolution directs the Nebraska Legislature's Revenue Committee to conduct an interim study on how agricultural land value should be assessed based on potential income. The study will examine which other states use this assessment method, identify challenges from past attempts to implement it, and explore solutions to overcome legislative hurdles. It will also analyze Nebraska-specific obstacles and evaluate data sources like university reports for determining land income potential. The committee will ultimately report its findings and recommendations to the Legislative Council or the full Legislature.