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Lawmakers Hear Bill Aimed at Shifting Large Investor‑Owned Homes Toward Owner Occupancy
Summary
Senators heard testimony on LB 643, introduced by Sen. Jason Prokop, a bill intended to encourage owner‑occupied housing by changing eligibility for state income tax benefits for large investors who own many single‑family houses.
Senators heard testimony on LB 643, introduced by Sen. Jason Prokop, a bill intended to encourage owner‑occupied housing by changing eligibility for state income tax benefits for large investors who own many single‑family houses.
Prokop told the committee the bill targets investor owners with more than 30 single‑family residential properties (apartments are excluded) and would require such owners to either sell at least 10% of those properties to owner‑occupants or sell at least 5% to first‑time homebuyers before claiming the state income tax benefit. The bill includes carve‑outs for projects operating under other…
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