LB 583 — Change provisions relating to the rate and disbursement of the documentary stamp tax, the Child Care Grant Fund, child care grants, the Military Installation Development and Support Fund, the Affordable Housing Trust Fund, the Innovation Hub Cash Fund, the Economic Recovery Contingency Fund, and the Health Care Homes for the Medically Underserved Fund

Bill Text

• Introduced View text Current pdf

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill makes various amendments to funding mechanisms and requirements for several Nebraska grants and funds, altering tax rates and distributions.

• Section 43-2624

  fifteen → ten

  The maximum amount for child care grants is reduced from $15,000 to $10,000.

• Section 43-2624

  two-year → three-year

  The time period a recipient must wait before receiving another child care grant is increased from two years to three years.

• Section 76-901

  three dollars and thirty cents → two dollars and twenty-five cents

  The tax rate on the transfer of real estate is reduced from $3.30 to $2.25 per $1,000 of value.

• Section 76-903

  three dollars and thirty cents → two dollars and twenty-five cents

  The amount retained by the register of deeds from the tax collected on real estate transfers is adjusted to reflect the new tax rate.

• Section 76-903

  seventy-five cents → fifty cents

  The amount retained by the register of deeds for the county general fund is decreased from $0.75 to $0.50.

• Section 76-903

  ninety-five cents of such amount to the Affordable Housing Trust Fund, twenty-five cents of such amount to the Site and Building Development Fund, twenty-five cents of such amount to the Homeless Shelter Assistance Trust Fund, and thirty cents of such amount to the Behavioral Health Services Fund. → one dollar and five cents of such amount to the Affordable Housing Trust Fund; twenty-five cents of such amount to the Site and Building Development Fund; twenty-five cents of such amount to the Homeless Shelter Assistance Trust Fund; forty cents of such amount to the Behavioral Health Services Fund; five cents of such amount to the Economic Recovery Contingency Fund for the establishment and operation of an office to pursue and coordinate grant funding on behalf of the state; five cents of such amount to the Military Installation Development and Support Fund to support community-based organizations that provide services to veterans in Nebraska through distributions described in subsection (2) of section 55-901; five cents of such amount to the Innovation Hub Cash Fund for operational support of innovation hubs; five cents of such amount to the Health Care Homes for the Medically Underserved Fund; and forty cents of such amount to the Child Care Grant Fund.

  The distribution of funds collected from the real estate transfer tax is restructured, with specific allocations to multiple funds.

• Section 55-901

  at least one hundred thousand dollars per year → at least one hundred thousand dollars per year

  Clarifies the minimum funding requirement for community-based organizations providing services to veterans.

• Section 58-703

  five cents → twenty cents

  Increases the amount to be distributed to special population and innovation housing programs from $0.05 to $0.20 from each dollar transferred to the Affordable Housing Trust Fund.

Action History

1. April 17, 2026

   Indefinitely postponed

2. January 07, 2026

   Title printed. Carryover bill

3. February 11, 2025

   Notice of hearing for February 21, 2025

4. January 24, 2025

   Referred to Revenue Committee

5. January 22, 2025

   Date of introduction

Sponsors

• Ashlei Spivey · Primary

Subjects