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NE LB1067

Bill

Status

Engrossed

3/9/2026

Primary Sponsor

Robert Hallstrom

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Increases the documentary stamp tax on real estate transfers from $2.32 to $3.82 per $1,000 of property value

  • Adds two new funding allocations from the documentary stamp tax: 75 cents per transaction to the Rural Workforce Housing Investment Fund and 75 cents to the Middle Income Workforce Housing Investment Fund

  • Establishes that the Rural Workforce Housing Investment Fund and Middle Income Workforce Housing Investment Fund will receive ongoing revenue from the documentary stamp tax under section 76-903

  • Removes the provision allowing legislative transfers from the Affordable Housing Trust Fund to other funds, replacing it with a restriction that documentary stamp tax revenue can only be used for purposes authorized by the designated funds

  • Sets fund sunset dates: Rural Workforce Housing Investment Fund transfers to General Fund beginning July 1, 2027, and Middle Income Workforce Housing Investment Fund transfers to General Fund beginning July 1, 2029

Legislative Description

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

Last Action

Advanced to Enrollment and Review Initial

3/9/2026

Committee Referrals

Revenue1/16/2026

Full Bill Text

No bill text available