NE LB468

Reduces inheritance tax rates to 1% for property exceeding $100,000 for decedents dying on or after July 1, 2025, applying to both distant relatives (aunts, uncles, nieces, nephews) and unrelated beneficiaries

Increases the documentary stamp tax on real estate transfers from $2.25 to $2.75 per $1,000 of value, with counties retaining $1.35 (up from $0.50) and redirecting state allocations among housing and behavioral health funds

Reduces the nameplate capacity tax for renewable energy generation facilities from $6,518 to $3,560 per megawatt, with annual adjustments based on statewide property tax changes beginning January 1, 2027

Establishes new county revenue distributions: $5 million annually from the Securities Act Cash Fund distributed by population, 10% of insurance premium taxes distributed to counties by population, and car line company taxes distributed to county general funds

Eliminates the ImagiNE Nebraska Act investment-only qualification pathway for data centers (previously $50 million investment without employee requirements) and repeals related sales tax exemptions for data center equipment