Nebraska § 77-7304 - School District Property Tax Relief Credit Fund; created; use; investment; fund transfers.
Full text of Nebraska Revised Statutes of Nebraska § 77-7304 — School District Property Tax Relief Credit Fund; created; use; investment; fund transfers., with citation guidance and answers to common questions.
§ 77-7304. School District Property Tax Relief Credit Fund; created; use; investment; fund transfers.
(1) The School District Property Tax Relief Credit Fund is created. The fund shall only be used pursuant to the School District Property Tax Relief Act. Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.
(2)(a) The State Treasurer shall transfer seven hundred fifty million dollars from the General Fund to the School District Property Tax Relief Credit Fund in fiscal year 2024-25, on such dates and in such amounts as directed by the budget administrator of the budget division of the Department of Administrative Services.
(b) Beginning in fiscal year 2025-26, it is the intent of the Legislature that an amount sufficient to provide the amount of property tax relief required by subdivision (1)(a) of section 77-7305 for each tax year be transferred from the General Fund to the School District Property Tax Relief Credit Fund.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 77-7304
What does Revised Statutes of Nebraska § 77-7304 cover?
Section 77-7304 ("School District Property Tax Relief Credit Fund; created; use; investment; fund transfers.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 77-7304?
A common citation format is "Revised Statutes of Nebraska § 77-7304" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 77-7304 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.