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NE LB803

NE LB803
Adopt the First-Time Home Buyer Savings Account Act and change provisions relating to the Sports Arena Facility Financing Assistance Act, the Property Tax Growth Limitation Act, the Domestic Violence and Human Trafficking Service Providers Tax Credit Act, property tax valuation and levy procedures, homestead exemptions, and income taxes

summary

Introduced
01/07/2026
In Committee
01/09/2026
Crossed Over
03/30/2026
Passed
04/17/2026
Dead
Signed/Enacted/Adopted
04/17/2026

Introduced Session

109th Legislature

Bill Summary

A BILL FOR AN ACT relating to revenue and taxation; to amend sections 13-3105, 77-1315, and 77-3510, Reissue Revised Statutes of Nebraska, sections 13-3108, 77-1502, 77-1601, 77-1776, and 77-3512, Revised Statutes Cumulative Supplement, 2024, sections 13-3103, 13-3106, 13-3403, 77-1632, 77-2716, and 77-3506, Revised Statutes Supplement, 2025, and section 2, Legislative Bill 901, One Hundred Ninth Legislature, Second Session, 2026; to adopt the First-Time Home Buyer Savings Account Act; to change provisions relating to the Sports Arena Facility Financing Assistance Act, the Property Tax Growth Limitation Act, property tax valuation and levy procedures, and homestead exemptions; to require a joint public hearing regarding property tax valuation and political subdivision budgets; to provide an adjustment to income for income tax purposes; to change provisions relating to certain refundable income tax credits; to harmonize provisions; to provide operative dates; to repeal the original sections; to outright repeal sections 77-1630 and 77-1634, Revised Statutes Cumulative Supplement, 2024, section 77-1631, Revised Statutes Supplement, 2025, and section 77-1633, Revised Statutes Supplement, 2025, as amended by section 1, Legislative Bill 384, One Hundred Ninth Legislature, Second Session, 2026; and to declare an emergency.

AI Summary

This bill establishes the First-Time Home Buyer Savings Account Act, allowing individuals to open savings accounts to save for a down payment and closing costs on a primary residence, with contributions and earnings potentially deductible from taxable income. It also modifies provisions related to the Sports Arena Facility Financing Assistance Act, adjusting funding limits and duration for certain sports complexes, and amends the Property Tax Growth Limitation Act by including additional exceptions to property tax growth limits. Furthermore, the bill alters property tax valuation and levy procedures, including requiring a joint public hearing for political subdivisions to discuss their budgets and preliminary budget information, and modifies homestead exemptions for veterans and surviving spouses. Finally, it makes adjustments to income tax calculations, including changes to certain refundable income tax credits for domestic violence and human trafficking service providers, and repeals several existing sections of law.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Revenue Committee (Unicameral)

Last Action

Approved by Governor on April 16, 2026 (on 04/17/2026)

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Document Type Source Location
State Bill Page https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63336
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB803.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Engrossed/LB803.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB803.pdf
Enrollment and Review ST93 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ST93.pdf
Fiscal Note for LB803 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB803_20260408-111804.pdf
Bostar AM3062 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM3062.pdf
von Gillern AM3083 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM3083.pdf
Fiscal Note for LB803 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB803_20260402-163640.pdf
Enrollment and Review ER174 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ER174.pdf
Dorn AM2990 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2990.pdf
von Gillern FA1131 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1131.pdf
Hallstrom FA1132 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1132.pdf
Hallstrom MO553 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO553.pdf
Hallstrom AM2967 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2967.pdf
Andersen AM2912 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2912.pdf
Conrad FA1110 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1110.pdf
Conrad FA1109 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1109.pdf
Conrad MO541 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO541.pdf
Conrad MO540 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO540.pdf
Conrad MO539 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO539.pdf
Hallstrom FA1103 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1103.pdf
Hallstrom FA1102 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1102.pdf
Hallstrom AM2756 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2756.pdf
Revenue AM2651 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2651.pdf
Analysis - Committee Statement https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB803.pdf
Fiscal Note for LB803 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB803_20260224-125150.pdf
Analysis - Statement of Intent https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB803.pdf
Kauth FA432 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA432.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB803.pdf
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