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Bill

LB 468

Change provisions relating to inheritance taxes, change certain fee and tax provisions, and eliminate a sales tax exemption relating to data centers

109th Legislature (2025-2026) Introduced by Bob Andersen and 9 co-sponsors

LB 468 raises inheritance tax exemption, reduces tax rate, increases filing fees, and eliminates sales tax exemption for data centers in Nebraska.

Title printed. Carryover bill
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WeVote Research Nonpartisan
Bill Summary · LB 468

Summary of Legislative Bill LB 468

Purpose and Intent

LB 468 is a comprehensive bill that aims to make several changes to Nebraska's inheritance tax, fee, and sales tax provisions. The primary goals of this legislation are to:

  1. Modify the state's inheritance tax structure
  2. Adjust certain fees and taxes
  3. Eliminate a sales tax exemption for data centers

Key Provisions

Inheritance Tax Changes

  • Increases the inheritance tax exemption threshold from $40,000 to $100,000 for non-immediate relatives
  • Reduces the inheritance tax rate from 18% to 15% for non-immediate relatives
  • Maintains the existing 1% tax rate for transfers to immediate family members

Fee and Tax Adjustments

  • Raises the fee for filing a will or codicil from $10 to $25
  • Increases the fee for a certificate of release of inheritance tax lien from $5 to $10
  • Adjusts the fee for a certificate of nonattachment of inheritance tax lien from $5 to $10

Data Center Sales Tax Exemption Elimination

  • Eliminates the current sales tax exemption for the purchase of qualifying data center equipment
  • This change would require data centers to pay the standard 5.5% Nebraska sales tax on their equipment purchases

Affected Parties

  • Nebraska residents who inherit property from non-immediate relatives
  • Individuals and entities filing wills, codicils, and inheritance tax-related documents
  • Operators of data centers located in or planning to establish operations in Nebraska

Timeline and Procedure

LB 468 was introduced on January 21, 2025, and has progressed to the Enrollment and Review stage, with ER68 already adopted. If enacted, the bill's provisions would take effect on January 1, 2026, providing a year of lead time for affected parties to prepare for the changes.

Compiled from official sources — confirm details with the bill’s official record.

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