Budget & Taxes

died · Nebraska · Legislature Apr 17, 2026

LB 872: Eliminate an income reduction for extraordinary dividends and certain capital gains for income tax purposes

This bill eliminates a tax reduction currently available for extraordinary dividends and certain capital gains when calculating Nebraska income tax. It directly affects Nebraska taxpayers who receive these specific types of investment income, ending the existing tax break. The change takes effect for taxable years beginning on or after January 1, 2026, under the federal tax code. The bill repeals two specific sections of Nebraska's tax code (77-2715.08 and 77-2715.09) that previously provided this reduction.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole for investment income, increasing state revenue by eliminating tax breaks for extraordinary dividends/capital gains.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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died · Nebraska · Legislature Apr 17, 2026

LB 1150: Prohibit the approval of certain applications under the ImagiNE Nebraska Act

LB 1150 prohibits Nebraska businesses with contracts with U.S. Immigration and Customs Enforcement (ICE) from receiving state economic incentives under the ImagiNE Nebraska Act. The bill requires applicants to disclose any ICE contracts in their application, and automatically blocks approval if such contracts exist. This directly affects companies seeking tax incentives for new investments or job creation in Nebraska, as they must now confirm they have no ICE business relationships. The policy change applies to all future applications filed before December 31, 2030, with existing agreements unaffected. The bill amends application requirements to include this ICE contract disclosure and disqualification provision.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts state economic incentives (government spending) by blocking ICE-contracting businesses from receiving tax incentives, limiting budget allocation for specific companies.95% confidence ✓ ImmigrationSupports ImmigrationBlocks state incentives for businesses with ICE contracts, limiting state cooperation with federal immigration enforcement per bill's explicit language.95% confidence

Sub-Topics Enforcement

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died · Nebraska · Legislature Apr 17, 2026

LB 1030: Appropriate funds to the Department of Economic Development for state aid to development districts

This bill appropriates $XXX from Nebraska's General Fund for fiscal year 2026-27 to the Department of Economic Development. The funds are designated for Program 601 (Community and Rural Development) to provide state aid to development districts established under Nebraska law (sections 13-1901 to 13-1907). It directly affects development districts that support community and rural economic projects, such as infrastructure or business development initiatives. The bill creates no new policy but allocates existing state funds for this specific purpose.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates funds from General Fund for community/rural development programs, directly funding public services through state budget allocation.95% confidence

Sub-Topics State Budget

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died · Nebraska · Legislature Apr 17, 2026

LB 1206: Exempt income received by certificated teachers, paraeducators, and paraprofessionals from state income taxation

LB 1206 would exempt the income of certificated teachers, paraeducators, and paraprofessionals from Nebraska's state income tax. The bill amends Nebraska's tax code to exclude this specific group's earnings from taxable income calculations. This change directly affects educators working in Nebraska public schools who hold these roles. The policy creates a targeted tax exemption without altering other tax provisions or requiring new administrative processes.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts educators' income from state tax, providing targeted tax relief for middle-income public school staff, aligning with support indicators for tax relief.95% confidence ✓ EducationSupports EducationExempts educators' income from state tax, providing direct financial benefit to teachers - a clear support measure for educator compensation and retention.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts educators' income from state tax, increasing net wages without altering base pay. Directly enhances compensation for teachers and support staff.95% confidence

Sub-Topics Income Tax Tax Incentives Teachers

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signed · Nebraska · Legislature Apr 17, 2026

LB 1067: 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

LB 1067 adjusts how documentary stamp tax revenue is distributed to fund housing programs in Nebraska. It specifies that for every $2.82 collected on property transfers (deeds), 95 cents goes to the Affordable Housing Trust Fund, 75 cents each to the Rural Workforce and Middle Income Workforce Housing Investment Funds, and smaller portions to other housing-related funds. The bill harmonizes existing tax allocation rules across these funds and ensures collected revenue is used solely for designated housing purposes. This directly affects property sellers and buyers paying the transfer tax, with funds supporting affordable housing initiatives. The changes take effect upon enactment, modifying current tax distribution formulas.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects documentary stamp tax revenue to housing funds, increasing dedicated budget allocations for affordable housing programs through existing tax structure.95% confidence ✓ HousingSupports HousingAllocates documentary stamp tax revenue directly to Affordable Housing Trust Fund and workforce housing funds, explicitly funding housing programs per bill language.95% confidence

Sub-Topics Revenue Affordable Housing Housing Finance

died · Nebraska · Legislature Apr 17, 2026

LB 873: Provide for an excise tax on kratom products and change provisions of the Kratom Consumer Protection Act relating to adulterated products

Nebraska's LB 873 imposes a 10% excise tax on retail sales of kratom products starting July 1, 2027, requiring retailers to maintain electronic sales records and file monthly tax returns. It updates the definition of "adulterated" kratom products to include those containing specific alkaloids (like 7-hydroxymitragynine) without meeting legal definitions or mixed with dangerous non-kratom substances. Retailers and processors face escalating penalties: up to $1,000 for first violations, $5,000 for second, and up to $20,000 for third violations, with processors risking a 3-year sales ban for selling adulterated products. The tax revenue will fund the Property Tax Credit Cash Fund, and retailers may avoid penalties if they reasonably relied on a processor's representation that a product was compliant.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 10% excise tax on kratom products, creating new state revenue stream under tax policy90% confidence

Sub-Topics Property Tax Revenue Sales Tax

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signed · Nebraska · Legislature Apr 17, 2026

LB 803: 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

This bill changes Nebraska's rules for listing taxable tangible personal property, such as business equipment or vehicles. It requires property owners to file annual forms with county assessors by May 1, using forms provided by the Tax Commissioner. The bill also clarifies that those seeking exemptions under the Nebraska Advantage Act or ImagiNE Nebraska Act must submit required documentation by the same deadline, or lose the exemption. Failure to file on time results in forfeiture of exemptions, even if taxable property is still listed under standard rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnforces timely exemption documentation, closing potential tax avoidance loopholes and ensuring consistent tax revenue collection per fiscal management standards.90% confidence

Sub-Topics Property Tax Tax Credits

died · Nebraska · Legislature Apr 17, 2026

LB 1008: Change provisions relating to the amount of relief granted under the School District Property Tax Relief Act

LB 1008 amends Nebraska's School District Property Tax Relief Act to revise the minimum annual funding levels for property tax relief. It sets specific minimum relief amounts for tax years 2024 through 2030 (e.g., $750 million for 2024, $902 million for 2030) and establishes a formula for future years: prior year's minimum plus the percentage increase in statewide property values (as determined by the Department of Revenue) plus $75 million. The bill also adds a provision requiring funds transferred to the relief fund under Section 77-4602 to be included in the annual relief calculation. This amendment replaces the original funding structure in Section 77-7305 of the Revised Statutes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates increased minimum annual funding for property tax relief (e.g., $750M in 2024), directly strengthening tax relief funding under Budget & Taxes.95% confidence ✓ EducationSupports EducationBill mandates increased minimum annual funding for school property tax relief ($750M in 2024, rising to $902M by 2030) with annual $75M additions, directly strengthening school district funding.95% confidence

Sub-Topics Property Tax

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died · Nebraska · Legislature Apr 17, 2026

LB 1219: Limit the amount of property taxes that may be levied by a political subdivision

Nebraska's LB 1219 limits annual property tax increases for local governments (like cities, counties, and school districts) starting in 2027. It replaces previous tax growth rules by capping yearly increases at 2% plus the area's real property value growth rate. The "real growth percentage" is calculated based on new construction, annexations, or other value changes to properties, ensuring tax hikes align with actual property value growth. This bill directly affects all local taxing entities by restricting how much they can raise property taxes each year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill directly limits annual property tax increases for local governments, capping growth at 2% plus real property value growth. Restricts tax collection methods per bill language.95% confidence ✗ EducationOpposes EducationBill caps property tax increases for school districts, limiting their revenue growth and restricting education funding. This aligns with 'oppose' indicators (limits school programs/funding).85% confidence

Sub-Topics Property Tax

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died · Nebraska · Legislature Apr 17, 2026

LB 776: Provide a duty for each state agency to examine fees charged

LB 776 requires Nebraska state agencies to annually review all fees they charge starting January 1, 2027. Each agency must determine if fees cover their actual costs without exceeding what's necessary. This applies to all state departments, boards, bureaus, and commissions that charge fees for services or permits. The bill aims to ensure fees are cost-reflective but not overly burdensome, without changing specific fee amounts.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by requiring agencies to ensure fees cover actual costs, aligning with 'promotes fiscal responsibility' indicator for Budget & Taxes.85% confidence

Sub-Topics Fees & Licensing

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