Change provisions related to reports of condition under the Nebraska Money Transmitters Act and provide for...
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LB 1174 — Change provisions related to reports of condition under the Nebraska Money Transmitters Act and provide for a remittance transfer tax
Last action — Indefinitely postponed
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Legislature
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4To Executive
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5Enacted
This bill is in committee in the Legislature. Introduced January 21, 2026. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the Legislature.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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In Committee
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
- Introduced View text Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill amends the Nebraska Money Transmitters Act to include provisions for a remittance transfer tax and changes to reporting requirements.
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Section 8-2701
Sections 8-2701 to 8-2742 and section 3 of this act shall be known and may be cited as the Nebraska Money Transmitters Act.
Designates the current sections that comprise the Nebraska Money Transmitters Act.
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Section 8-2718
in every jurisdiction in the United States where the licensee is licensed to engage in money transmission;→ in every jurisdiction where the licensee is licensed to engage in money transmission;Clarifies the reporting requirement by removing redundancy in phrasing.
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Section 8-2718
if applicable including: ;→ if applicable including:Removes unnecessary punctuation and enhances clarity in the reporting requirement.
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Section 8-2718
(2) There is hereby imposed an excise tax of two percent on any remittance transfer by a licensee or authorized delegate.
Imposes a new excise tax on remittance transfers by licensees or authorized delegates.
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Section 8-2718
(b) There is hereby imposed an excise tax of twenty percent on any remittance transfer by a licensee or authorized delegate to a resident of a foreign adversary country.
Establishes a higher tax rate for remittance transfers to foreign adversary countries.
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Section 8-2718
Sections 77-2707 to 77-2711 shall apply to the tax imposed by this section as if such tax were a sales or use tax imposed by the Nebraska Revenue Act of 1967.
Applies the provisions relating to sales and use taxes to the new remittance transfer tax.
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Section 8-2718
The sender of a remittance transfer shall pay the tax imposed by this section on such transfer.
Clarifies that the sender is responsible for paying the imposition tax on remittance transfers.
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Section 8-2718
If any tax imposed by this section is not paid at the time a transfer is made, then to the extent that such tax is not paid, the remittance transfer provider of such transfer shall pay the tax.
Establishes responsibilities for remittance transfer providers if taxes are unpaid at the time of transfer.
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Section 8-2718
To qualify for the exemption under subdivision (2)(c) of this section, the sender or designated recipient shall present a valid United States Department of Defense Common Access Card or other valid military identification to the remittance transfer provider at the time of the transaction.
Defines the identification requirements for military members or their dependents to qualify for tax exemptions.
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Section 8-2718
The Department of Revenue may adopt and promulgate rules and regulations to prescribe any and all forms and supporting documentation necessary for the payment, collection, and reporting of the tax imposed by this section to establish the expedited refund process described in subdivision (6)(b) of this section.
Grants the Department of Revenue authority to create rules regarding tax documentation and processes.
Action History
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Indefinitely postponed
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Provisions/portions of LB1174 amended into LB838 by AM2658
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Placed on General File with AM2553
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Banking, Commerce and Insurance AM2553 filed
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Referred to Banking, Commerce and Insurance Committee
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Notice of hearing for February 09, 2026
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Kauth FA834 filed
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Date of introduction
Sponsors
- Kathleen Kauth · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 48 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (48)
48 members have not signed on to this bill.
Show all 48 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors LB 1174?
- LB 1174 is sponsored by Kathleen Kauth.
- What is the current status of LB 1174?
- This bill is in committee in the Legislature. Introduced January 21, 2026. It must pass committee before a floor vote.
- Where can I track LB 1174?
- Track LB 1174 free on One Click Politics — get push/email alerts when it moves.
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