Additional Documentary Stamp Tax Exemptions Now Available
As of January 1, 2013, additional documentary stamp exemptions are available in Nebraska. LB 536 (2012) expanded the exemption for deeds between husbands and wives to cover spouses or ex-spouses conveying rights to property acquired or held during marriage. LB 536 granted additional exemptions for transfer on death deeds or revocations of transfer on death deeds and certified or authenticated death certifications pertaining to transfer on death deeds. Without an exemption, documentary stamp tax applies to all transfers of interests in real property at the rate of $2.25 for each $1,000 value or fraction thereof and is due at the time the deed is presented for recording. Governor Heineman approved LB 536 on April 5, 2012.