Nebraska LB479 amends the distribution of sales and use tax revenue, effective October 1, 2025.
Nebraska LB479 modifies the distribution of sales and use tax revenue, effective October 1, 2025. The bill creates a Revenue Distribution Fund for unallocated revenue. It specifies that proceeds from sales and use taxes on motor vehicles, trailers, and semitrailers will be credited to the Highway Allocation Fund. For transactions between July 1, 2013, and July 1, 2042, 85% of the proceeds from other sales and use taxes will go to the Highway Trust Fund, with 15% to the Highway Allocation Fund.
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