Prohibit income tax deductions relating to interest or taxes

Bill

BILL

LB 643

Prohibit income tax deductions relating to interest or taxes paid on or maintenance of certain properties and provide exemptions to prohibited deductions

109th Legislature (2025-2026)

Introduced by Jason Prokop,

LB 643 eliminates tax deductions for investors owning over 30 rental properties, promoting homeownership and affordable housing by reducing investor competition.

Notice of hearing for March 26, 2025

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Bill Summary • LB 643

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Prohibit income tax deductions relating to interest or taxes paid on or maintenance of certain properties and provide exemptions to prohibited deductions

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Prohibit income tax deductions relating to interest or taxes paid on or maintenance of certain properties and provide exemptions to prohibited deductions

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Bill Text & Amendments

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