Budget & Taxes

signed · Nebraska · Legislature Mar 12, 2025

LB 609A: Appropriation Bill

LB 609A appropriates $232,777 for fiscal year 2025-26 and $185,061 for fiscal year 2026-27 from the Financial Institution Assessment Cash Fund to the Department of Banking and Finance's Program 65. This funding supports the implementation of Legislative Bill 609 (which established a new banking oversight program) and limits salary/per diem expenses to $85,000 for 2025-26 and $87,125 for 2026-27. The bill directly affects the Department of Banking and Finance and its Program 65 operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates specific funds to support banking oversight program implementation, directly advancing budget allocation for Program 65 operations.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Nebraska · Legislature Feb 26, 2025

LB 209: Change provisions relating to homestead exemptions for certain veterans and a property tax exemption for certain facilities

Nebraska's LB 209 expands property tax exemptions for veterans and their surviving spouses by modifying homestead exemption rules. It also creates a new property tax break for for-profit skilled nursing, nursing, and assisted-living facilities that serve Medicaid beneficiaries. The tax exemption amount for these facilities equals the average percentage of occupied Medicaid beds over the previous three years. This change specifically applies to for-profit facilities - nonprofit facilities serving Medicaid already have separate, full exemptions under current law.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemptions for veterans and Medicaid-serving facilities, providing targeted tax relief. Aligns with support indicators for tax relief to specific groups.90% confidence ✓ HealthcareSupports HealthcareProvides property tax exemption to for-profit facilities serving Medicaid beneficiaries, indirectly supporting healthcare access by reducing operational costs for providers serving Medicaid patients.85% confidence ✓ VeteransSupports VeteransBill explicitly expands property tax exemptions for veterans and surviving spouses, directly advancing veterans' benefits per topic indicators.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Nebraska · Legislature Feb 26, 2025

LB 208: Change provisions relating to sales tax collection fees, confidentiality of sales tax information, the streamlined sales and use tax agreement, a sales tax database, and certain income tax credits

LB 208 modifies Nebraska's sales tax filing requirements based on annual tax liability: businesses with less than $900 yearly tax obligation file annually, those with $900-$3,000 file quarterly, and those over $3,000 file monthly. It adds rules for electronic payments via the streamlined sales tax agreement, requiring annual reconciliation and imposing a 50% penalty if payments miss the target by over 10%. The bill also updates confidentiality protections for sales tax data, adjusts annual limits for certain income tax credits, and clarifies filing rules for seasonal retailers and combined returns. These changes primarily affect Nebraska retailers and businesses collecting sales tax, streamlining compliance with state and multi-state tax agreements.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies sales tax filing requirements to streamline collection, enforces electronic payments with reconciliation, and imposes penalties for non-compliance, promoting fiscal accountability and efficient tax administration.92% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Nebraska · Legislature Feb 26, 2025

LB 194: Change provisions relating to a documentary stamp tax exemption

LB 194 amends Nebraska's documentary stamp tax law to expand exemptions for certain family property transfers. The bill adds exemptions for deeds between spouses, parents and children, and transfers to family-owned corporations, partnerships, or LLCs (when all ownership is held by family members within the fourth degree of kinship) without payment. Transfers must be made in the business entity's name, not the individual's, to qualify for the exemption. This directly affects families and small family-run businesses that move property without monetary exchange.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax exemptions for family property transfers, providing tax relief per policy indicators without specifying beneficiary income levels.92% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Nebraska · Legislature Feb 26, 2025

LB 182: Change provisions relating to the Affordable Housing Tax Credit Act and the Child Care Tax Credit Act

LB 182 amends Nebraska's Affordable Housing Tax Credit Act and Child Care Tax Credit Act to clarify how tax credits can be used. It allows developers of affordable housing projects to transfer or sell their allocated tax credits to other taxpayers (like investors), and expands permitted uses of child care tax credits beyond their original scope. The bill specifically updates rules for allocating credits to pass-through entities (like partnerships or LLCs) and ensures credits only apply to projects completed after 2018. These changes directly affect affordable housing developers and childcare providers seeking tax credit benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit usage for affordable housing/child care, enabling more flexible fiscal mechanisms to support these programs without direct tax increases.85% confidence ✓ HousingSupports HousingAmends tax credit rules to allow transferability to investors, directly enabling more funding for affordable housing development per bill's focus on 'affordable housing projects'.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

died · Nebraska · Legislature Feb 13, 2025

LB 331: Adopt the Nebraska EPIC Option Consumption Tax Act and terminate tax provisions

LB 331 proposed replacing Nebraska's existing income, property, sales, and other taxes with a single "consumption tax" on goods and services, effective by 2028. It would have terminated the state income tax, property tax, sales tax, inheritance tax, and related laws by December 2027, while defining taxable items like groceries and education services. The bill aimed to shift the tax burden from income and property to consumption, with specific rules for exemptions and tax calculations. However, the bill was withdrawn on February 13, 2025, and is no longer active. As a withdrawn proposal, it did not become law or affect any taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly replaces multiple state taxes with a consumption tax, directly restructuring Nebraska's tax system and fiscal management as a core policy change.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · Nebraska · Legislature Feb 13, 2025

LR 10CA: Constitutional amendment to require the state to impose a consumption tax or an excise tax on all new goods and services and to provide a tax exemption for grocery items

This Nebraska constitutional amendment (LR 10CA) would have required the state to impose a consumption or excise tax on all new goods and services starting January 1, 2028, with only grocery items for off-premises consumption exempt. It would have affected all Nebraskans purchasing new products or services, as the tax would apply broadly except for groceries. The bill was withdrawn on February 13, 2025, and did not advance further. It proposed a constitutional change to mandate this tax structure, which would have been implemented without legislative approval beyond the amendment itself. The proposal was never voted on by the public.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates new consumption tax on goods/services (excluding groceries), directly advancing tax policy for state revenue generation.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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