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NE LB871
Bill
Status
Introduced
1/8/2026
Primary Sponsor
Danielle Conrad
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AI Summary
- Increases the homestead exemption from $120,000 to $228,148 in value for property exempt from judgment liens and forced sale
- Raises the surviving spouse homestead allowance from $20,000 to $29,142 and exempt property allowance from $12,500 to $18,214 for decedents dying on or after January 1, 2027
- Increases exemptions for medical/health savings accounts from $25,000 to $40,831, disabled veterans' property from $32,000 to $64,830, and life insurance/annuity interests from $100,000 to $129,803-$163,326
- Changes garnishment calculations to use Nebraska's state minimum wage rate instead of the federal minimum wage
- Requires the Department of Revenue to adjust all dollar limitations every five years starting July 1, 2030, based on Consumer Price Index or Housing Price Index changes, rounded to the nearest $100
Legislative Description
Increase and provide for inflation adjustments for amounts exempt from judicial enforcement and the homestead and exempt property allowances
Last Action
Notice of hearing for February 04, 2026
1/23/2026
Committee Referrals
Judiciary1/12/2026
Full Bill Text
No bill text available