LB 1174: Change provisions related to reports of condition under the Nebraska Money Transmitters Act and provide for a remittance transfer tax
LB 1174 status: Introduced — Indefinitely postponed (updated Apr 17, 2026).
What this bill does
Overall score
Bill summary
OfficialA proposed Nebraska law would change two things for companies that move money (like wire transfer services): 1. **New reporting rules:** It changes how these companies report their financial health to the state. 2. **New tax:** It creates a tax on money sent out of the state.
Key analysis
Impact analysis
Environment
Benefits
- No material direct effect identified
Risks
- No material direct effect identified
Economy
Benefits
- Potential for increased state tax revenue
Risks
- Increased costs for money transfer services
- Potential disincentive for legal remittance channels
Society
Benefits
- Enhanced regulatory oversight of financial transmitters
Risks
- Disproportionate financial burden on migrant workers and low-income families
- Reduced disposable income for remittance users
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based on summary abstract only, lacking specific tax rate details or reporting definitions
Where it stands
Introduced
CurrentIndefinitely postponed
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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