1972 - LB1241 - Exempted one-eighth of the value of business and farm inventories, livestock, and farm machinery beginning in 1973 and one-eighth of the value each year thereafter for four years. By 1977 such property was valued and taxed at three-eighths of its actual value. The state replaced all of the money lost to local governments due to the exemption.

1977 - LB 518 - Exempted the remaining three eighths of the value of business and farm inventories, livestock and farm machinery over the succeeding three years. For 1978, 100% of farm inventories and farm machinery was exempt, in 1979, 100% of business inventories was exempt, and in 1980, livestock was exempt. At first, the state replaced the lost income based on the assessments of such property in 1977, but after the Nebraska Supreme Court struck down this distribution as constituting a permanently closed class, violative of the Special Legislation Clause, a change was made in 1982. The total amount reimbursed was $82.6 million which included prior reimbursements for the exemption of household goods and intangible property. The amount to be distributed to municipalities was set in statute as $17.9 million. The actual amount appropriated has been slightly less in most years since.

1989 - LB 693 - Created the Municipal Infrastructure Redevelopment Fund and allocated $4.5 million annually from the cigarette tax to the Fund. The Fund is distributed to incorporated municipalities per capita and the cities and villages are required to spend the distribution on infrastructure development or redevelopment. The amount was later reduced to $3 million annually.

1996 - LB 1177 - Created the Municipal Equalization Fund and provided for aid to municipalities that are unable to raise the average amount of property tax revenue per capita with the average property tax levy. The bill also allowed counties to levy a sales tax of up to 1 ½% in areas outside municipalities with a sales tax to support the county share of jointly provided public safety services.

1997 - LB 271 - Eliminated the property tax on motor vehicles and replaced it with a uniform, statewide tax and fee system. The fee is a nominal amount, generally between $5 and $30 and the proceeds are distributed to cities and counties based on the distribution of Highway Trust Fund dollars. The motor vehicle tax is determined from a table that begins with a higher initial tax as MSRP of the vehicle when new increases and declines with the age of the motor vehicle itself. The schedule was designed seeking a reduction in taxes on motor vehicle of about $15 million from the previous year property tax amounts but the actual proceeds turned out to be $30 million less. The money was originally distributed to all local governments in proportion to their relative levies.

LB 269 - (1) Changed the levy limit for Community Colleges from eight cents through 2000-01 and four cents thereafter to eight cents through 1999-2000 and seven cents thereafter, (2) created a new equalization formula for funding Community Colleges that makes up for any difference between the maximum levy times the valuation for the area and 40% of the total spending allowed to the area, (3) provided for levy allocation by municipalities for Community Redevelopment Authorities, city airport authorities and other entities created by cities, and (4) divided municipalities into three different size groupings for purposes of the equalization formula provided in LB 1177 (1996).

1998 - LR 45 CA placed four separate constitutional amendments on the 1998 general election ballot as follows: (1) strike the requirement that motor vehicle taxes be distributed to local governments in proportion to property taxes levied, (2) provide for the merger or consolidation of cities and counties, (3) limit the property tax exemption for government property to property used for a public purpose, and (4) strike all references to townships in the Constitution. The first three amendments succeeded while the fourth failed.

1999 - LB 142 - Implemented part of LR 45 CA by providing that the proceeds from the motor vehicle tax be distributed 60% to the school where the vehicle is registered, 22% to the county and 18% to the city except in Douglas County where the city-county shares are reversed.