Bill
LB 479
Bill 3 SummaryBill Number: LB 479Title: Change the distribution of sales and use tax revenueStatus: Notice of hearing for February 28, 2025Introduced: January 21, 2025Classificatio
Bill Number: LB 479
Title: Change the distribution of sales and use tax revenue
Status: Notice of hearing for February 28, 2025
Introduced: January 21, 2025
Classification: bill
Summary:
- For transactions occurring on or after October 1, 2025 and before July 1, 2042, LB479 would:
- Increase the sales tax rate from one-quarter of one percent to one-half of one percent on certain transactions
- Credit 85% of the proceeds to the Highway Trust Fund and 15% to the Highway Allocation Fund
Compiled from official sources — confirm details with the bill’s official record.
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