Housing (Property Taxes)

in committee · Nebraska · Legislature Mar 30, 2026

LR 454: Interim study to examine alternative funding sources for addressing the shortage of affordable and workforce housing in Nebraska

This legislative resolution directs Nebraska's Revenue Committee to conduct an interim study on finding new funding options for affordable and workforce housing. The bill addresses a shortage of housing by examining how other states finance these programs and identifying alternative revenue sources beyond the General Fund and documentary stamp tax. The committee will investigate current funding gaps and report its findings and recommendations to the Legislature. This measure focuses on research rather than immediate policy changes, aiming to inform future legislative decisions about housing finance.

Topics ✓ HousingSupports HousingBill directs study to find new funding sources for affordable and workforce housing, indicating intent to address housing shortage through research and potential funding expansion.85% confidence

Sub-Topics Affordable Housing Housing Finance Property Taxes

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died · Nebraska · Legislature Apr 17, 2026

LB 425: Change provisions relating to homestead exemptions for certain disabled veterans and surviving spouses

LB 425 expands Nebraska's homestead tax exemption to include veterans with 80-99% service-connected disability (previously limited to 100% disabled veterans) and their eligible surviving spouses. It adds new qualifying categories under subsection (2)(g), allowing these veterans and surviving spouses (who remarried after age 57) to receive a tax exemption equal to their disability percentage (e.g., 85% disabled = 85% exemption). The bill also modifies application requirements: annual certification for most exemptions, but certification every five years for some categories. It takes effect January 1, 2026, and repeals the previous version of the exemption law. This directly affects disabled veterans with partial service-connected disabilities and their surviving spouses who meet specific criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands homestead tax exemptions for disabled veterans (80-99% disability), providing targeted tax relief to lower-income veterans and surviving spouses through reduced property tax liability.95% confidence ✓ HousingSupports HousingExpands homestead tax exemption for disabled veterans, reducing property tax burden and increasing housing affordability for targeted group. Directly supports property rights and affordability within housing topic.90% confidence ✓ VeteransSupports VeteransExpands homestead tax exemption to 80-99% disabled veterans and surviving spouses, increasing benefit eligibility beyond previous 100% requirement.95% confidence

Sub-Topics Tax Incentives Property Taxes Veteran Healthcare

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died · Nebraska · Legislature Apr 17, 2026

LB 272: Change provisions relating to homestead exemptions for certain disabled veterans and surviving spouses

Nebraska's LB 272 expands homestead tax exemptions to include veterans with 10-99% service-connected disabilities (previously only 100% disability was covered) and their eligible surviving spouses. It directly affects disabled veterans receiving VA compensation for partial disabilities (not total exemption under other sections), as well as their unremarried spouses or surviving spouses who remarried after age 57. The bill adds a new eligibility category (subsection 2(g)) effective January 1, 2026, requiring annual tax exemption applications with VA certification - except for every fifth year. This changes prior rules that limited exemptions to 100% disabled veterans or specific surviving spouse scenarios.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for disabled veterans with partial disabilities, providing direct tax relief per tax exemption policy.95% confidence ✓ HousingSupports HousingExpands homestead tax exemptions for disabled veterans, reducing housing costs for eligible homeowners and directly advancing affordability for a vulnerable group.90% confidence ✓ VeteransSupports VeteransExpands homestead tax exemption eligibility to 10-99% disabled veterans (previously 100% only) and surviving spouses, directly increasing benefit access for more veterans.95% confidence

Sub-Topics Tax Incentives Property Taxes Veteran Benefits

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died · Nebraska · Legislature Apr 17, 2026

LB 152: Create a homestead exemption

LB 152 creates a homestead exemption in Nebraska, effective January 1, 2026, that exempts the first $100,000 of a primary residence's actual value from property taxes. It directly affects Nebraska homeowners who occupy their property as their primary residence, as defined by the bill. Key provisions include setting the exemption amount, allowing transfers of the exemption when moving to a new homestead, and requiring state reimbursement for the tax loss. The bill harmonizes existing homestead exemption rules and amends multiple tax statutes to implement this change.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for primary residences, providing direct tax relief to homeowners, aligning with middle-income tax relief indicators.90% confidence ✓ HousingSupports HousingExempts primary residence value from property taxes, reducing costs for homeowners and increasing housing affordability for owner-occupants.95% confidence

Sub-Topics Property Tax Property Taxes

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died · Nebraska · Legislature Apr 17, 2026

LB 107: Provide an income tax credit for renters and change provisions relating to a property tax credit

LB 107 creates a new refundable income tax credit for Nebraska renters with lower incomes. It directly affects renters earning $29,000 or less annually, providing a credit equal to 100% of a federal tax credit for those earning under $22,000, with the percentage decreasing by 10% for each $1,000 over $22,000. The credit is refundable, meaning eligible renters would receive the full credit amount even if it exceeds their state tax liability. The bill also modifies existing property tax credit provisions, though specific changes to those are not detailed in the provided text.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable income tax credit for low-income renters ($29k+), reducing their tax burden per specific income thresholds.95% confidence ✓ HousingSupports HousingProvides refundable income tax credit to low-income renters ($29k cap), directly increasing housing affordability and funding tenant assistance.95% confidence

Sub-Topics Income Tax Tax Credits Property Taxes Tenant Rights

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died · Nebraska · Legislature Apr 17, 2026

LB 439: Adopt the Property Tax Circuit Breaker Act

LB 439 creates a refundable tax credit for Nebraska residents whose property taxes or rent on their primary residence exceeds 5% of their federal adjusted gross income. It directly affects homeowners and renters who live in their primary residence at least six months annually, with higher caps for seniors (up to $5,000 versus $4,000 for others). The credit equals 50% of the amount over the 5% threshold, calculated using the county’s average home value for property tax limits. Residents must apply to the Department of Revenue with proof of residence, taxes paid, and income to claim the credit on their annual tax return.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax/rent relief via refundable credit for residents exceeding 5% of AGI in housing costs, targeting middle/lower income households.95% confidence ✓ HousingSupports HousingBill provides refundable tax credit for housing costs exceeding 5% of AGI, directly increasing affordability for primary residence residents (homeowners/renters)90% confidence

Sub-Topics Property Taxes Renters

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died · Nebraska · Legislature Apr 17, 2026

LB 643: Prohibit income tax deductions relating to interest or taxes paid on or maintenance of certain properties and provide exemptions to prohibited deductions

LB 643 prohibits Nebraska income tax deductions for interest, property taxes, or maintenance on single-family rental properties owned by individuals or entities holding more than 30 such properties as of January 1, 2026. It directly affects large-scale residential property investors, excluding primary residences, qualified nonprofit organizations (including community land trusts and affordable housing groups), and owners who sold at least 10% of their properties to residents or 5% to first-time homebuyers. Owners can appeal if they offered properties for sale at fair market value for 90 days without offers and were unable to sell. The bill takes effect for taxable years beginning January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole for large rental property investors, increasing state tax revenue by prohibiting deductions on rental properties owned by entities with >30 units.95% confidence ✗ HousingOpposes HousingBill prohibits tax deductions for large-scale rental investors, potentially reducing housing supply and increasing costs, opposing affordable housing goals.85% confidence

Sub-Topics Income Tax Affordable Housing Property Taxes

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died · Nebraska · Legislature Apr 17, 2026

LB 458: Change provisions relating to tax sale certificates, real property sold for delinquent taxes, certain tax-related foreclosure actions, and land banks and adopt the Permitting Approval Timeliness Act and the By-Right Housing Development Act

LB 458 introduces two key acts to streamline development and housing. The Permitting Approval Timeliness Act requires local governments to decide on building permit applications within 60 days, automatically granting permits if they miss the deadline. The By-Right Housing Development Act allows duplexes, single-family homes, multifamily units, and accessory dwelling units to be built without discretionary approval from local zoning boards if they meet existing zoning rules. This directly affects homeowners, developers, and municipalities by reducing approval delays and expanding housing options.

Topics ✓ HousingSupports HousingRemoves local approval barriers for duplexes, ADUs, and multifamily housing under existing zoning, directly enabling faster housing development and increasing supply.95% confidence

Sub-Topics Building Codes Property Taxes Zoning

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