3/28/06-Gov. Dave Heineman has signed a bill into law increasing taxes on passenger vehicles and light trucks worth more than $80,000.
For top-of-the-line vehicles, the tax will increase $40 for every $2,000 in value. The $1,160 tax for the largest trucks will not be changed.
Existing Nebraska law requires all passenger vehicles with a manufacturer’s suggested retail price of more than $78,000 to be taxed at $1,460 the first year. The tax decreases over time. Vehicles more than 14 years old are not taxed.
The new law, previously LB248, gradually increases the tax, until it reaches $1,900 for vehicles with a price tag over $100,000. There also will be a slight decrease in taxes for cars and light trucks valued at less than $8,000.
Motorcycles also are included in the same taxing schedule as cars and light trucks.

2/8/06-A bill before the full Unicameral would increase the tax on passenger vehicles and light trucks worth more than $80,000.
Under LB248, sponsored by Sen. Tom Baker of Trenton, the tax would increase $40 for every $2,000 in value.
The $1,160 tax for the largest trucks would not be changed.
Existing Nebraska law requires all passenger vehicles with a manufacturer’s suggested retail price of more than $78,000 to be taxed at $1,460 the first year. The tax decreases over time. Vehicles more than 14 years old are not taxed.
The bill would gradually increase the tax, until it reaches $1,900 for vehicles with a price tag over $100,000. There also would be a slight decrease in taxes for cars and light trucks valued at less than $8,000.
Motorcycles also would be included in the same taxing scheduled as cars and light trucks.
For bill status, call (402) 471-0769. In Nebraska, call 1-800-742-7456.