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Buffalo County
  • GIS Vendor Press Release Notice

    NOTICE: GIS Vendor Press Release - Scheduled for July 1,2024

  • October 17th, 2024 - Sheriff's Sale for Motorcycle

    Said sale to be held at 10:00 o’clock a.m. on the 17th  day of October, 2024 at the Buffalo County South Impound Lot - located at 321 Central Ave, City of Kearney, Buffalo County, Nebraska.

    Full Details

  • October 17th - Sheriff's Sale for House

    Said sale to be held at 09:00 o’clock a.m. on the 17th day of October 2024 at the Central Lobby of the Courthouse, City of Kearney, Buffalo County, Nebraska.

    Full Details

    
Statute Changes
Statute Changes


BACKGROUND

LB 780 was passed during this last legislative session and will take effect on July 18, 2014. In part, LB 780 is a “clean up” bill for the LB 536 (Transfer on Death Deed) which was passed and effective January 1, 2013. When LB 536 was passed, it provided that in cases where a death certificate would effectuate the transfer of property due to life estate, joint tenancy or transfer on death deed, a Form 521 would be required to be filed as well as a cover sheet.


EFFECTIVE JULY 18, 2014

Due to the passage of LB 780, you will only need to file a cover sheet as prescribed in 76-2,126 and a Form 521, Real Estate Transfer Statement, when you are filing a certified copy of a death certificate with regard to a previously filed Transfer on Death Deed. Therefore, you will NOT need to file a Form 521 if you are filing a certified copy of a death certificate pursuant to Trustees, joint tenancy and/or life estate. You will only need to attach the space requirement cover sheet. An example cover sheet is available.


NEW DOCUMENTARY STAMP TAX EXEMPTION

Effective July 18, 2014, the Nebraska Legislature passed LB 867 which added a documentary stamp tax exemption for 501(c)(3) organizations. If you are filing a deed transferring property to a nonprofit organization which falls under this classification, you will need to present a letter from the Internal Revenue Service stating that the organization qualifies under IRS rules for the 501(c)(3) exemption.