Bill

Bill > LB714


NE LB714

Change provisions relating to motor vehicle taxes and fees


summary

Introduced
01/22/2025
In Committee
01/24/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
109th Legislature

Bill Summary

A BILL FOR AN ACT relating to motor vehicles; to amend sections 60-3,186, 60-3,187, and 60-3,190, Reissue Revised Statutes of Nebraska; to change the percentage of fees retained by county treasurers; to change and provide motor vehicle tax schedules and motor vehicle fees; to provide an operative date; and to repeal the original sections.

AI Summary

This bill proposes significant changes to motor vehicle taxes and fees in Nebraska, primarily affecting how motor vehicle tax proceeds are allocated and adjusting the fee structures. The bill increases the percentage of motor vehicle tax proceeds that county treasurers can retain from 1% to 2% and modifies the distribution of remaining tax proceeds among counties, local school systems, and cities or villages. For example, in most tax districts, the county's allocation increases from 22% to 40%, while school districts' allocation decreases from 60% to 37%. The bill also revises the motor vehicle tax schedules, reducing the tax rate for vehicles in their second through fourteenth years of operation, with more gradual reductions for older vehicles. Additionally, the motor vehicle fee schedules are updated, increasing fees for various vehicle types, such as raising fees for automobiles from $5 to $20 for vehicles under $20,000 and from $20 to $40 for vehicles valued between $20,000 and $39,999. The changes will take effect on January 1, 2026, and are intended to adjust how motor vehicle taxes and fees are calculated and distributed across Nebraska.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

Transportation and Telecommunications Hearing (13:30:00 3/4/2025 Room 1510) (on 03/04/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...