Provide a real estate transfer tax on mansions and an income tax credit for payment of the real estate transfer tax

This bill introduces a new real estate transfer tax specifically on mansions, defined as single-family homes valued over $800,000. The tax rate is 1.25% on the value between $800,000 and $2.5 million, increasing to 2.25% for any amount exceeding $2.5 million, with the purchaser responsible for paying it. To offset this cost, the legislation provides a one-time refundable income tax credit equal to the tax paid, available to buyers who live in Nebraska for three years after the purchase. The bill also includes technical amendments to existing tax statutes and was indefinitely postponed during the 2024 legislative session.