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NE LB1067
NE LB1067Change provisions relating to the Affordable Housing Trust Fund, the rate and disbursement of the documentary stamp tax, the Rural Workforce Housing Investment Fund, and the Middle Income Workforce Housing Investment Fund
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to revenue and taxation; to amend section 81-1230, Reissue Revised Statutes of Nebraska, section 58-703, Revised Statutes Cumulative Supplement, 2024, and sections 76-901, 76-903, 77-1327, and 81-1239, Revised Statutes Supplement, 2025; to change provisions relating to the Affordable Housing Trust Fund, the rate and disbursement of the documentary stamp tax, the Rural Workforce Housing Investment Fund, and the Middle Income Workforce Housing Investment Fund; to harmonize provisions; and to repeal the original sections.
AI Summary
This bill makes several changes to how housing funds are managed and financed in Nebraska. Specifically, it increases the documentary stamp tax, a tax paid when transferring real estate, from $2.32 to $3.82 per thousand dollars of value, and reallocates how this tax money is distributed. A portion of the increased tax revenue will now be directed to the Rural Workforce Housing Investment Fund and the Middle Income Workforce Housing Investment Fund, which provide grants for housing development. The bill also removes provisions that allowed money to be transferred out of the Affordable Housing Trust Fund to other state funds at the Legislature's direction, and clarifies that funds in the Rural Workforce Housing Investment Fund and the Middle Income Workforce Housing Investment Fund are to be used for their designated purposes. Additionally, the bill updates language related to property valuation for tax assessment purposes to align with the new documentary stamp tax rate.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Spivey priority bill (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63083 |
| Fiscal Note for LB1067 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB1067_20260128-132606.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB1067.pdf |
| Kauth FA725 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA725.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB1067.pdf |
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