PREPARED BY: John Wiemer
LB 468 DATE PREPARED: February 03, 2025
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 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS ($12,061,896) ($13,413,896)
CASH FUNDS See Below $802,174 See Below ($380,700)
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS ($11,259,722) ($13,794,596)
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB 468 reduces the transfer by $5 from the Securities Act Cash Fund to the General F und from FY26 through FY29. The bill adds that,
beginning July 1, 2025, the State Treasurer shall distribute $5 million annually from the Securities Act Cash Fund to the counties
proportionately in the proportion that the population of each county bears to the entire state, as shown by the last federal decennial
census.
The bill raises the fee from $25 to $40 for the ent ire proceedings of a marriage license, administering the related oaths or affirmations,
and recording a marriage certificate. The additional fee of $9 for each certified copy of a marriage record on file in the office of the
county clerk is changed to $15. These fees are deposited in the county general fund. The bill adds that it is the intent of the Legislat ure
to examine the amount of the fees at least once every 5 years beginning in 2030 in order to determine whether such fees should be
adjusted.
The bill changes county sheriff identification fee from $10 to $20 plus mileage at the rate provided in section 33-117 for each mile in
excess of 10 mi les that was actually and necessarily traveled in conducting the identification inspection. This fee is credited to the
county general fund. The bill adds that it is the intent of the Legislature to examine the amount of the fee at least once every 5 years
beginning in 2030 in order to determine whether such fee should be adjusted.
Under the bill, the percentage of the motor vehicle tax proceeds collected for costs incurred by the county treasurer is changed from 1%
to 2%. The bill changes the perc entage allocated to counties of motor vehicle tax proceeds from 22% to 21.8%. For cities and villages,
the percentage is changed from 18% to 18.2%, except that if the tax district is not in a city or village, 40% shall be allocated to the
county, and in counties containing a city of the metropolitan class, t he percentage is changed from 18% to 18.2% for what is allocated
to the county and the percentage is changed from 22% to 21.8% for what is allocated to the city or village.
LB 468 increases the documentary stamp tax from $2.25 to $2.7 5 for each $1,000 value of real estate, or fraction thereof.
The bill also changes the distribution of the tax.
Currently, the tax is distributed as follows:
• $0.50 to county general funds
• $0.95 to the Affordable Housing Trust Fund
• $0.25 to the Site and Building Development Fund
• $0.25 to the Homeless Shelter Assistance Trust Fund
• $0.30 to the Behavioral Health Services Fund
The bill changes the distribution to the following:
• $1.35 to county general funds
• $0.90 to the Affordable Housing Trust Fund
• $0.25 to the Homeless Shelter Assistance Trust Fund
• $0.25 to the Behavioral Health Services Fund
CONTINUED ON PAGE 2
LB 468
PAGE 2
The bill changes the distribution of car line taxes so that they are distributed to counties to the credit of the county general fund in t he
same proportion that the total property taxes levied in the county bears to the total property taxes levied in the state as a whole, as
certified pursuant to section 77-1613.01, instead of for distribution am ong the taxing subdivisions in proportion to all railroad taxes
levied by taxing subd ivisions.
The bill changes the percentages of the distributions of the premium taxes collected by the Department of Insurance from 40% to 30%
going to the General Fund and adds that 10% of such taxes paid are distributed to the counties proportionately in the proportion that the
population of each county bears to the entire state, as shown by the last federal decennial census, and no later than May 1 of each
year.
The bill changes the fee for issuing distress warrants from $2 to $20 credited to the county general fund. The bill adds that it is the
intent of the Legislature to examine the amount of the fee at least once every 5 years beginning in 2030 in order to determine whether
such fee should be adjusted.
The bill amends section 77-1804 regarding the $5 fee of real property subject to sale so the fee is changed to $20. The bill adds that it
is the intent of the Legislature to examine the amount of the fee at least once every 5 years beginning in 2030 in order to determine
whether such fee shou ld be adjusted.
The bill changes section 77-2005 so that for decedents dying on or after J uly 1, 2025, the inheritance tax rate would be changed to 1%
of the clear market value of the property received by each person i n excess of $10 0,000.
The bill changes section 77-2006 so that for decedents dying on or after J uly 1, 2025, the inheritance tax rate would be changed to 1%
of the clear market value of the beneficial interests received by each person in excess of $ 100,000.
The bill changes the tax rate of the nameplate capacity tax from $ 3,518 per megawatt to $6,560 per megawatt. The bill adds that on
January 1, 2027 and on each January 1 thereafter, the Department of Revenue (DOR) shall adjust the tax rate by the average annual
percentage change in the total amount of property taxes levied statewide over the most recent 10- year period for which such
information is available. If the adjusted tax rate is not a whole dollar amount, i t shall be rounded to the neares t whole dollar amount.
The bill amends the ImagiNE Act. Section 77-6831 is amended so that sales and use tax incentives are removed un der subsection
(1)(c) and property tax exemptions under subsection (8)(b) and (8)(c).
The bill outright repeals sections 77-2701.54 and 77-2704.62 to remove the sales tax exemption regarding data centers.
The bill is operative on July 1, 2025.
The bill contains the emergency clause.
Revenues:
The Department of Banking and Finance estimates an increase of $5 million in the Secu rities Act Cash Fund as a result of the reduced
General Fund transfers from the Fund. There would also be a reduction in General Fund revenue by $5 million each fiscal year due to
the reduced transfer from the Securities Act Cash Fund to the General Fund.
The Department of Insurance estimates General Fund revenue losses due to the changes to the premium tax in the bill of $13,823,896
in FY26 and FY27. There is no basis to disagree with this estimate.
The revenue estimates of the Department of Economic Development (DED) and DOR for changes to the documentary stamp tax have
been averaged and are the following:
Fiscal YearCounty
Affordable
Housing Trust
F
und
Site and
Building
D
evelopment
Fund
Homeless
Shelter
A
ssistance Trust
Fund
Behavioral
Health
S
ervices Trust
Fund
25-26 10,804,005$ ( 635,618)$ (3,177,590)$ -$ (635,618)$
26-27 13,598,200$ (800,100)$ (3,999,500)$ -$ (800,100)$
CONTINUED ON PAGE 3 LB 468
PAGE 3
The DOR estimates the following increase to General Fund revenues as a result of changes to the ImagiNE Act:
• FY27: $0
• FY28: $4,599,000
• FY29: $9,429,000
• FY30: $9,900,000
• FY31: $10,395,000
• FY32: $10,915,000
There is no basis to disagree with this estimate by the DOR.
The DOR estimates the following increase to revenues as a result of repealing the sales tax exemption for d ata centers:
There is estimated to be a revenue increase to the Highway Trust Fund and the Highway Allocation Fund, which is distributed to cities
and counties. There is no basis to disagree with this estimate by the DOR.
Political subdivisions and the N ebraska Association of County Officials estimate various other increases for revenues as a result of the
bill as well as reductions to revenues from the changes to inheritance tax under the bill.
Expenditures:
The Department of Banking and F inance estimates a need for $5 million of appropriation each fiscal year as a result of $5 million to be
sent to counties from the Securities Act Cash Fund.
DED estimates the elimination of 1 FTE Economic Development Business Consultant II, as a result of the bill, re ducing Cash Fund
appropriat ions for DED by $117,770 in FY26 and FY27. We estimate that there would be addi tional Cash Fund e xpenditure reductions
in FY27 for DED due to salary and health insurance benef it increases.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Supreme Court
REVIEWED BY: Ryan Yang DATE: 1/28/2025 PHONE: (402) 471-4178
COMMENTS: No basis to disagree with the Supreme Court assessment of no fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: State Treasurer
REVIEWED BY: Ryan Yang DATE: 1/28/2025 PHONE: (402) 471-4178
COMMENTS: No basis to disagree with the State Treasurer assessment of no fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Department of Revenue
REVIEWED BY: Ry an Yang DATE: 2/3/2025 PHONE: (402) 471- 4178
COMMENTS: The Department of Revenue assessment of fiscal impact from LB 468 appears reasonable.
CONTINUED ON PAGE 4 LB 468
PAGE 4
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Department of Insurance
REVIEWED BY: Ryan Yang DATE: 2/3/2025 PHONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Department of Insurance assessment of fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Department of Motor Vehicles
REVIEWED BY: Ryan Yang DATE: 1/28/2025 PHONE: (402) 471-4178
COMMENTS: No basis to disagree with the Department of Motor Vehicles assessment of no fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Nebraska Department of Transportation
REVIEWED BY: Ryan Yang DATE: 2/3/2025 PHONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Nebraska Department of Transportation assessment of fiscal impact
from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Department of Health and Human Services
REVIEWED BY: Ryan Yang DATE: 2/1/2025 PHONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Department of Health and Human Services assessment of fiscal impact
from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB . RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Nebraska State Patrol
REVIEWED BY: Ryan Yang DATE: 2/1/2025 PHONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Nebraska State Patrol assessment of no fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Department of Econ omic Development
REVIEWED BY: Ryan Yang DATE: 2/3/2025 PHONE: (402) 471- 4178
COMMENTS: The Department of Economic Development assessment of fiscal impact from LB 468 appears reasonable.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Nebraska Association of County Officials
REVIEWED BY: Ryan Yang DATE: 2/3/2025 PHONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Nebraska Association of County Officials of fiscal impact from LB 468.
CONTINUED ON PAGE 5
LB 468
PAGE 5
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Lancaster County
REVIEWED BY: Ryan Yang DATE: 2/3/2025 PHONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Lancaster County assessment of fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT . SUB: Lanca ster County Clerk’s Office
REVIEWED BY: Ryan Yang DATE: 1/28/2025 PHONE: (402) 471-4178
COMMENTS: No basis to disagree with the Lancaster County Clerk’s Office assessment of fiscal im pact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Lancaster County Assessor/Register of Deeds
REVIEWED BY: Ryan Yang DATE: 1/28/2025 PHONE: (402) 471-4178
COMMENTS: No basis to disagree with the Lancaster County Assessor/Register of Deeds assessment of indeterminate
fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Lancaster County Treasurer
REVIEWED BY: Ryan Yang DATE: 2/1/2025 PH ONE: (402) 471- 4178
COMMENTS: No basis to disagree with the Lancaster County Treasurer assessment of fiscal impact from LB 468.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 468 AM: AGENCY/POLT. SUB: Lancaster County Sheriff’s Office
REVIEWED BY: Ryan Yang DATE: 1/28/2025 PHONE: (402) 471-4178
COMMENTS: No basis to disagree with the Lancaster County Sheriff’s Office assessment of indeterminate fiscal impact
from LB 468.
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Department of Banking and Finance
Prepared by:
(3) Shauna Paolini Date Prepared:
(4)
01.31.2025 Phone:
(5)
402-471-4954
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
5,000,000 5,000,000 5,000,000 5,000,000
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
Sec. 1 (7) reduces the annual transfers out of the Securities Act Cash Fund from $34M to $29M on or before
June 30, 2026, and from $28M to $23M for subsequent years . The $5M will be transferred to the counties. As a
result of LB468, the transfers to the General Fund would decrease by $5M annually. Lowering the amount of
the transfers yearly creates a revenue fund increase within the Securities Fund. There is an equal amount of
annual expenditure out of the fund, to outside entit ies, local counties, if LB468 passes. This will create the need
for a $5M appropriation increase for aid if the bill passes.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Department of Economic Development
Prepared by:
(3) Dave Dearmont Date Prepared:
(4)
1/29/25 Phone:
(5)
(402) 471-3777
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
($117,770) ($3,691,415) ($117,770) ($4,735,200)
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
($117,770) ($3,691,415) ($117,770) ($4,735,200)
Explanation of Estimate:
LB 468 seeks to change how certain funds to counties are distributed, to change provisions relating to certain
fees and taxes, to change the amount and distribution of various taxes, including the documentary stamp tax, to
eliminate a sales tax exemption for data centers, and to change provisions of the ImagiNE Nebraska Act. Portions
of the bill that affect DED include changes to the ImagiNE Act and elimination of the transfer of funds from the
Doc Stamp Tax to the Site and Building Development Fund (SBDF) and reducing the transfer to the Affordable
Housing Trust Fund (AHTF).
LB 468 would amend the ImagiNE Act by eliminating the Modernization Tier of ImagiNE ($50 million
investment with no job increase).Consistent with these changes, Neb. Rev. Stat § 77-6833 would be amended
to delete the second sentence of paragraph (1), which removes the language regarding the treatment of the
average compensation and health coverage requirements as required levels of employment for purposes of
recapture for these benefits.
The bill would also make changes to the Documentary Stamp Tax. LB468 would increase the tax rate from
$2.25 per $1,000 of value to $2.75 per $1,000 and change the distribution of the proceeds of the tax.
Specifically, the county share would increase from $0.50 to $1.35, the AHTF distribution would decrease from
$0.95 to $0.90, the Behavioral Health distribution would also decrease by $0.05 from $0.30 to $0.25, and the
SBDF distribution is eliminated. Given the operating date of July 1, 2025, DED assumes that there is a two
month lag between transfers subject to the tax and distribution to the cash funds. That is, the counties will remit
taxes collected for June transfers to the Department of Revenue in July and these funds will be distributed in
August to the various cash funds. The tables below show the forecasted net impact of LB468.
Net Impact of LB468 on Doc Stamp Distribution
Fiscal Yr Total
Homeless
Shelter
Assist
Affordable
Housing
Behavioral
Health
Site &
Building
Fund County
LB468
Minus
Current $0.50 $0.00 ($0.05) ($0.05) ($0.25) $0.85
2024-25 $0 $0 $0 $0 $0 $0
2025-26 $6,152,358 $0 ($615,236) ($615,236) ($3,076,179) $10,459,009
2026-27 $7,892,000 $0 ($789,200) ($789,200) ($3,946,000) $13,416,400
LB
(1) 468 Page 2
The portions of LB468 that affect the SBDF cash fund would impact the ability of the department to recruit new
business and business expansions in Nebraska. The loss of funding would result in the elimination of
responsibilities for one FTE Economic Development Business Consultant II. The portions of the bill dealing
with ImagiNE would have no impact on DED’s administration of the ImagiNE Act.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
A49012 Econ Dev. Bus. Consultant II -1.00 -1.00 ($66,520) ($66,520)
Benefits………………………………...…… (23,280) (23,280)
Operating…………………………...………. (21,320) (21,320)
Travel……………………………………….. (6,650) (6,650)
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… ..... ($117,770) ($117,770)
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Department of Insurance
Prepared by:
(3)
Jordan Blades Date Prepared:
(4)
1/28/24 Phone:
(5)
402-471-4638
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
(13,823,896) (13,823,896)
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
(13,823,896) (13,823,896)
Explanation of Estimate:
LB 468 would require the Department of Insurance to transfer 10% of premium taxes collected to the counties,
in proportion to each county’s population as shown by the last federal census no later than May 1
st
of each
year. The taxes to be transferred to the counties under LB 468 are taken from the taxes currently transferred
by the department to the general fund.
Based on the premium taxes collected in 2024, for tax year 2023, the department estimates that this would
result in a loss of $13,823,896 to the general fund annually.
Any cost associated with processing these transfers to the counties would be absorbed by the department’s
current staff.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
LB (1) 468 FISCAL NOTE 2025
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
State Agency or Political Subdivision Name:(2) Department of Health and Human Services
Prepared by: (3) John Meals Date Prepared 1-31-25 Phone: (5) 471-6719
FY 2025-2026 FY 2026-2027
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS See below See below See below See below
Return by date specified or 72 hours prior to public hearing, whichever is earlier.
Explanation of Estimate:
LB468 would reduce the documentary stamp tax from thirty cents to twenty-five cents, a 16.6% decrease. The
Department of Health and Human Services (DHHS) receives approximately $5 million from the documentary
stamp tax annually into the Behavioral Health Services Fund. If this tax were to be reduced, DHHS would lose
an estimated $830,000 in revenue. Current revenue levels exceed the existing cash authority; however, the
department is working with the regions to expand housing- related spending so the department would not
reduce cash authority based on this loss of revenue.
MAJOR OBJECTS OF EXPENDITURE
PERSONAL SERVICES:
NUMBER OF POSITIONS 2025-2026 2026-2027
POSITION TITLE 26-26 26-27 EXPENDITURES EXPENDITURES
Benefits...............................................................................................................................
Operating............................................................................................................................
Travel..................................................................................................................................
Capital Outlay.....................................................................................................................
Aid......................................................................................................................................
Capital Improvements.........................................................................................................
TOTAL............................................................................................................
See above See above
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Department of Motor Vehicles
Prepared by:
(3) Bart Moore Date Prepared:
(4)
January 24, 2025 Phone:
(5)
402-471-3902
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
This legislation will require minimal programming which will be absorbed within existing appropriations.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Lancaster County Assessor/Register of Deeds
Prepared by:
(3) Dan Nolte Date Prepared:
(4)
1/24/25 Phone:
(5)
402-441-7463
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate: The proposed legislation would have no fiscal impact on this office.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………... ……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Lancaster County Sheriff’s Office
Prepared by:
(3) Chief Deputy Ben Houchin Date Prepared:
(4)
January 27, 2025 Phone:
(5)
402-441-6500
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBD IVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Unknown 0 Unknown 0
Explanation of Estimate:
Unknown how much of our annual budget consist of inheritance tax.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………….....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Lancaster County Treasurer
Prepared by:
(3) Rachel Garver Date Prepared:
(4)
Jan. 29, 2025 Phone:
(5)
402-441-7425
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
$1,500,000 $1,529,250
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
$1,5000,000 $1,529,250
Explanation of Estimate:
The revenue realized by the County Treasurer would be as follows:
From Section 4: The increase in motor vehicle fees would double the current fees received. This fee has been
going up one to two percent a year . For FY 25-26 the increase in revenue is projected to be $1,485,000 and for
FY 26-27, $1,515,000.
From Section 11: The revenue from the fee increase for delinquent parcel advertising is dependent upon the
number of delinquent parcels. The average number of delinquent parcels from the last five years was used for
the number of parcels placed in the newspaper ad. The revenue realized would be less the advertising cost.
For FY 25-26 the increase in revenue is projected to be $15 ,000 and for FY 26-27, $14 ,250.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Lancaster County, Nebraska
Prepared by:
(3) Dennis Meyer Date Prepared:
(4)
1/29/2025 Phone:
(5)
402-441-6869
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
(2,607,752.94)
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
Revenue Distribution:
Under Nebraska's LB468, starting July 1, 2025, the state will distribute $5 million annually from the Securities Act Cash
Fund to counties based on their population proportions. With Lancaster County comprising approximately 16.4% of
Nebraska's population, it is projected to receive about $820,000 each year from this fund.
Motor Vehicle Tax & Fees:
The proposed augmentation of motor vehicle fees is projected to double the current revenue generated from these fees.
Historically, motor vehicle fee revenues have experienced an annual increase of approximately 1% to 2%. For Fiscal Year
2025-26, the anticipated revenue increase is $1,485,000.
Documentary Stamp Tax Increase:
In 2024, the total documentary stamp tax collected amounted to $5,429,697.75 . Of this amount, counties currently retain
22.22%, resulting in $1,206,478.85 in retained revenues.
LB468 proposes increasing the county retention rate to 49.09%, which would raise the retained amount on the same total
from $1,206,478.85 to $2,665,438.63. This is an increase of $1,458,959.78 .
Changes to Inheritance Tax:
According to the Report of County Inheritance Taxes Paid (Janu ary 1, 2023 – June 30, 2023), in Lancaster County a total
of 863 beneficiaries paid inheritance taxes. Of these, 801 beneficiaries (approximately 92.8%) were classified as Class 1
relatives, which include immediate family members such as parents, grandparents, siblings, children, and other lineal
descendants. The remaining 62 beneficiaries (approximately 7.2%) fell into Class 2 and Class 3 categories, which
encompass more distant relatives and non-relatives.
Applying this distribution to the projected FY24 inheritance tax revenue for Lancaster County, which is estimated at
$7,281,615, and without accounting for the proposed increases in tax exemption amounts or the full exemption for heirs
under age 22, the county is projected to experience an annual revenue loss of approximately $6,632,359.72.
Renewable Energy Nameplate Capacity Tax Adjustment:
Lancaster County currently hosts two operational solar energy facilities: the Holdrege Solar Center and the Norris Public
Power District Solar Project. Together, these facilities provide a combined capacity of approximately 4.6 MW. At present,
they generate $16,183 in revenue for the county. Under the proposed changes, this revenue is projected to increase to
$29,900, which is an increase of $13 ,717.
Marriage Licenses and Certified Copy Fees: An increase in fees for marriage licenses and certified copies of marriage records to better align with administrative costs
and enhance revenue for county operations.
• The marriage license fee will increase from $25 to $40 , leading to a projected revenue increase from $50,800 to
$81,280, reflecting an additional $30,480 in revenue.
• The certified copy fee will increase from $9 to $15 , resulting in a projected revenue increase from $35,100 to
$58,500, generating an additional $23,40 0 in revenue.
• Total projected additional revenue from these fee adjustments is $53,880 annually.
Inspection Fees:
An increase in inspection fees at the Sheriff’s Department , adjusting the base fee from $10 to $20 plus mileage. This
adjustment is designed to better reflect the costs associated with conducting inspections and improve revenue for
department operations.
• The inspection fee increases from $10 to $20 will result in a projected revenue increase from $180,000 to
$360,000, reflecting an additional $ 180,000 in annual revenue.
Distress Warrant Fees :
An increase in distress warrant fees, raising the fee from $2 to $20 to better reflect administrative costs and enhance
revenue for treasury operations.
• The distress warrant fee increases from $2 to $20 will result in a projected revenue increase from $1,450 to
$14,500, reflecting an additional $13,050 in annual revenue.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EX PENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel…………………………………… …..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Lancaster County Clerk’s Office
Prepared by:
(3) Matt Hansen Date Prepared:
(4)
1/27/2025 Phone:
(5)
(402)441-7481
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
$53,880 $53,880
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
$53,880 $53,880
Explanation of Estimate:
This estimate is limited to Section 2 of the bill, pertaining to marriage license fees in §33-110. The County Clerk’s office
cannot speak to any other impacts this bill would have on Lancaster County.
There were 2,032 marriage licenses and 3,900 certified copies issued in the 23-24 fiscal year.
2,032 marriage licenses with an increase of $15/license equals an increase of $30,480.
3,900 certified copies with an increase of $6/copy equals an increase of $23,400.
With both increases in fees, the total revenue increase to Lancaster County would be $53,880.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
LB 468 Fiscal Note 2025
State Agency Estimate
State Agency Name: Department of Revenue Date Due LFO:
Approved by: James R. Kamm Date Prepared: 01/31/2025 Phone: 471-5896
FY 2025-2026 FY 2026-2027 FY 2027-2028
Expenditures Revenue Expenditures Revenue Expenditures Revenue
General Funds $6,762,000 $5,410,000 $8,927,000
Cash Funds $(4,340,000) $(5,456,000) $(5,669,000)
Federal Funds
Other Funds $11,193,000 $13,819,000 $14,224,000
Total Funds $13,615,000 $13,773,000 $17,482,000
Major Objects of Expenditure
25-26 26-27 27-28 25-26 26-27 27-28
Class Code Classification Title FTE FTE FTE Expenditures Expenditures Expenditures
Benefits………………………………………………………………………………………………………….
Operating Costs………………………………………………………………………………………………….
Travel……………………………………………………………………………………………………………
Capital Outlay…………………………………………………………………………………………………...
Capital Improvements…………………………………………………………………………………………...
Total…………………………………………………………………………………………………………….
LB 468 changes distributions from the Securities Act Cash Fund to the General Fund as follows:
• $29 million on or before June 30, 2026.
• $23 million on or before June 30, 2027.
• $23 million on or before June 30, 2028.
• $23 million on or before June 30, 2029.
LB 468 creates an annual distribution to the counties of $5 million in proportion to the percentage of population
in that county compared to total population of Nebraska.
Raises the fee of a marriage license from $25 to $40 and the fee of a certified copy of the marriage record from
$9 to $15.
Raise the fee of identification inspections conducted by a county sheriff from $10 to $20 plus the mileage rate in
33-117.
Raises the fees allowed for issuing distress warrants from $2 to $20.
Raises the fee assessed by the county treasurer for listing real property sold due to delinquent taxes from $5 to
$20.
Lowers the inheritance tax from 15% of the clear market value of the beneficial interests received by each person
in excess of $25,000 to 1% of the clear market value of the beneficial interest received by each person in excess
of $100,000.
Makes the following changes to the ImagiNE Nebraska Act:
• Changes the definition of new employee
• Changes the Act so a taxpayer is not entitled to the sales and use tax incentive or the property exemption
when the cumulative investment in qualified property of at least fifty million dollars at the qualified LB 468, page 2 Fiscal Note 2025
location or locations before the end of the ramp- up period, provided the average compensation of the
taxpayer's employees at the qualified location or locations for the year in which such investment level was
attained equals at least one hundred fifty percent of the Nebraska statewide average hourly wage for the
year of application and the taxpayer offers to its employees who constitute full-time employees as defined
and described in section 4980H of the Internal Revenue Code of 1986, as amended, and the regulations
for such section, at the qualified location or locations for the year in which such investment level was
attained, the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored
plan, as those terms are defined and described in section 5000A of the Internal Revenue Code of 1986, as
amended, and the regulations for such section.
LB 468 raises the amount the county treasurer retains from motor vehicle tax proceeds from 1% to 2%, lowers
the amount the county retains from the motor vehicle tax proceeds from 22% to 21 and 1/8th%, and raises the
amount given to the city or village from the motor vehicle tax proceeds from 18% to 18 and 2/10ths%. In counties
containing a city of the metropolitan class, raises the amount the county retains from the motor vehicle tax
proceeds from 18% to 18 and 2/10ths% and lowers the amount the city or village retains from 22% to 21 and
1/8ths%.
LB 468 raises the documentary stamp tax fee from $2.25 to $2.75 and the allocation of that money as follows:
• Register of deeds amount retained for the county general fund increased from .50 cents to $1.35.
• Affordable Housing Trust Fund is decreased from .95 cents to .90 cents.
• Site Building and Development Fund allocation of .25 cents is removed.
• Behavioral Health Services Fund de creased from .30 cents to .25 cents.
The State Treasurer distribution of the documentary stamp taxes collected changes from in proportion to all
railroad taxes levied by taxing subdivisions to the proportion of the total property taxes levied in the county to
the total property taxes levied in the state.
LB 468 raises the annual nameplate capacity tax on renewable energy generation facilities from $3,518 per
megawatt to $6,560 per megawatt.
LB 468 creates the requirement that the Department of Revenue (DOR) adjust the tax rate by the average annual
percentage change in the total amount of property taxes levied statewide over the most recent ten- year period,
rounded to the nearest whole dollar amount.
LB 468 proposes the elimination of a sales tax exemption related to data centers
LB 468, page 3 Fiscal Note 2025
Fiscal Impact:
Note that the fiscal impact from DOR only addresses the tax provision which includes change to the ImagiNE
Act, the doc stamp tax, the repeal of sale and use tax exemption for data center under 77- 2701.54 and 77- 2704.62
and nameplate capacity tax.
Increasing Documentary Stamp Tax under LB 468 will have the following impact on various funds:
Fiscal Year
County
General Fund
(County)
Affordable
Housing Trust
Fund
Site and Building
Development
Fund
Homeless
Shelter
Assistance
Trust
Fund
Behavioral
Health Services
Fund
Total from
Documentary
Stamp Tax
Increase
FY25-26 $ 11,149,000 $ (656,000) $ (3,279,000) $ - $ (656,000) $ 6,558,000
FY26-27 $ 13,780,000 $ (811,000) $ (4,053,000) $ - $ (811,000) $ 8,105,000
FY27-28 $ 14,193,000 $ (835,000) $ (4,174,000) $ - $ (835,000) $ 8,349,000
FY28-29 $ 14,619,000 $ (860,000) $ (4,300,000) $ - $ (860,000) $ 8,599,000
Changes to the ImagiNE Act is estimated to impact the General Fund revenues as follows:
It is estimated that repeal ing of sale and use tax exemption for data center under 77- 2701.54 and 77- 2704.62 will
have the following impact:
Fiscal
Year
General Fund
revenues
Highway Trust Fund
Highway
Allocation Fund
Total
FY25-26 $ 6,762,000 $ 251,000 $ 44,000 $ 7,057,000
FY26-27 $ 5,410,000 $ 219,000 $ 39,000 $ 5,668,000
FY27-28 $ 4,328,000 $ 175,000 $ 31,000 $ 4,534,000
FY28-29 $ 3,462,000 $ 140,000 $ 25,000 $ 3,627,000
The proposed increase in the nameplate capacity tax under LB 468 is projected to generate approximately $11
million in additional tax revenue for the county in fiscal year 2025- 2026.
It is estimated that there will be minimal costs to the Department of Revenue to implement this bill.
This bill contains an emergency clause and becomes law upon enactment.
Fiscal Year
General Fund
revenues
FY26-27 $ -
FY27-28 $ 4,599,000
FY28-29 $ 9,429,000
FY29-30 $ 9,900,000
FY30-31 $ 10,395,000
FY31-32 $ 10,915,000 Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska State Patrol
Prepared by:
(3) Carol Aversman Date Prepared:
(4)
01/30/2025 Phone:
(5)
402-471-4545
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
No Fiscal Impact.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...………. $25,000
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… ..... $25,000
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
State Treasurer
Prepared by:
(3) Jason Walters Date Prepared:
(4)
January 27, 2025 Phone:
(5)
402-471-2793
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
The State Treasurer’s Office doesn’t expect any fiscal impact from LB 468 to the office.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………… ……...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Department of Transportation
Prepared by:
(3) Jenessa Boynton Date Prepared:
(4)
1/30/2025 Phone:
(5)
402-479-4691
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
$251,000 $219,000
FEDERAL FUNDS
OTHER FUNDS
$44,000 $39,000
TOTAL FUNDS
$295,000 $258,000
Explanation of Estimate:
LB468 applies to the Nebraska Department of Transportation with regards to removing sales tax exemption
related to data centers. This bill contains an emergency clause and will take effect once enacted.
Revenue to Build Nebraska Act Funds
FY2025-26 FY2026-27 FY2027-28 FY2028-29
Highway Trust Fund $251,000 $219,000 $175,000 $140,000
Highway Allocation Fund (cities and counties) $44,000 $39,000 $31,000 $25,000
This estimate of increase tax revenue is from the Nebraska Department of Revenue. The increase in the sales
tax base will increase revenues to the Build Nebraska Act resulting in more available funding to the Highway
Trust Fund for NDOT and the Highway Allocation Fund for cities and counties.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITUR E
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 468 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Association of County Officials
Prepared by:
(3) Elaine Menzel Date Prepared:
(4)
1/31/2025 Phone:
(5)
402.434.5660
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
LB468 would change certain fees and amend the redistribution of other tax revenue. NACO analyzed data
from county budgets, the State Treasurer’s Office, and reports/information published and released by the
Department of Revenue during a three-year timeframe. Here is a breakdown of estimated changes in revenue
based on LB468:
Documentary Stamp Tax: $14,042,620 increase
Marriage License Fees: $175,117 increase
Advertising Properties with Delinquent Taxes: $350,000 increase
Motor Vehicle Inspections: $1,427,834 increase
Distress Warrant Fees: $258,570 increase
Insurance Premium Tax Reallocation: $14,810,000 increase
Securities Act Cash Fund: $5,000,000 increase
Nameplate Capacity Tax Reallocation: $2,312,759 increase
Car Line Tax Reallocation: $2,400,000 increase
County Motor Vehicle Tax: $1,942,368 increase
Total Revenue Increase: $42,719,268 increase
Inheritance Tax Reduction:
Class II Adjustment: $22,888,879
Class III Adjustment: $10,925,346
Total Revenue Decrease: $33,814,145
In sum, NACO estimates that LB468 would decrease county revenue by $33,814,145 and increase county
revenue by $42,719,268.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....