PREPARED BY: John Wiemer
LB 19 DATE PREPARED: July 28, 2024
PHONE: 402-471-0051
Revision: 00
FISCAL NOTE
LEGISLATIVE FISCAL ANALYST ESTIMATE
ESTIMATE OF FISCAL IMPACT – STATE AGENCIES (See narrative for political subdivision estimates)
FY 2024-25 FY 2025-26
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS See Below See Below See Below
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB 1 would impose an excise tax upon the seller for any delivery sale of personal property to a purchaser in Nebraska.
Delivery sales of the following would be exempt from the excise tax:
• Any personal property that is exempt from sales and use taxes; and
• Any personal property that is picked up by the purchaser at a retail location in Nebraska.
The excise tax would be equal to 2% of the purchase price and would be in addition to all other taxes.
The excise tax would be due and payable to the Department of Revenue (DOR) monthly on or before the 20
th
day of the month next
succeeding each monthly period, and the seller w ould send with the tax payment a record of sale for every delivery sale for which the
seller is paying excise tax.
The excise tax would be enforced by the DOR.
This excise tax collected by the DOR would be credited to the General Fund.
The DOR could adopt and promulgate rules and regulations t o carry out this bill.
The bill would become operative on July 1, 2025.
We estimate that this bill would result in additional General Fund revenue to the state starting in FY26. Also, there is estimated to be
General Fund expenditures connected to the DOR’s responsibilities from the added tax under this bill. Given current information, the
effect is indeterminant. If further information is received, the fiscal note for this bill will be updated.