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

This bill enacts new laws and amends existing ones related to revenue and taxation. It creates the Recreational Trail Easement Property Tax Exemption Act, allowing property tax exemptions for land with easements for public recreational trails. It also establishes the Adoption Tax Credit Act, providing a refundable state income tax credit for those who claim the federal adoption tax credit. Additionally, the bill modifies provisions concerning sports arena financing, budget limitations, property tax growth, municipal occupation taxes, and various property tax exemptions and assessments. It also makes changes to income tax credits, partnership and small business taxation, school district property tax relief, and educational savings plans.

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