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LB 1174·NE·both

Change provisions related to reports of condition under the Nebraska Money Transmitters Act and provide for a remittance transfer tax

FailedFiled Jan 21, 2026
Sponsor: Kauth
Latest Action

Indefinitely postponed

Apr 17, 2026

Summary

The measure amends the Nebraska Money Transmitters Act to require quarterly condition reports from licensed money transmitters and to impose an excise tax on remittance transfers—2% on most transfers and 20% on those sent to foreign adversary countries. The tax is paid by the sender, with providers collecting and remitting it to the state, but active‑duty military personnel and their dependents are exempt if they show proper ID. It also creates refund procedures and treats the tax like a sales or use tax.

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