Nebraska Enacts Assignment for Benefit of Creditors Act, Includes Stamp Tax Exemption

The Nebraska Governor signed the Uniform Assignment for Benefit of Creditors Act. The law includes a provision exempting from the documentary stamp tax assignments transferring property from an assignor to an assignee pursuant to the Act. The law takes effect three calendar months after adjournment. [L.B. 783, enacted 03/03/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.