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NE LB648
Bill
Status
Introduced
1/22/2025
Primary Sponsor
Revenue Committee
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AI Summary
- Amends Nebraska's sales and use tax rate effective July 1, 2026, changing from the current 5.5% to a new rate designated as "XX percent" (specific rate to be determined)
- Maintains the reduced 2.75% sales tax rate for transactions within good life districts established under the Good Life Transformational Projects Act located within city or village corporate limits
- Updates revenue distribution provisions to credit Highway Allocation Fund with proceeds from motor vehicle sales/leases exceeding the new rate threshold instead of the previous 5% threshold
- Introduced by the Revenue Committee on January 22, 2025, and amends sections 77-2701.02 and 77-27,132 of Nebraska's Revised Statutes
Legislative Description
Change the sales and use tax rate
Last Action
Title printed. Carryover bill
1/7/2026
Committee Referrals
Revenue1/24/2025
Full Bill Text
No bill text available