The resolution proposes an interim study to evaluate the documentary stamp tax in Nebraska, focusing on its rates, revenues, and applications. The study aims to explore potential increases to the tax specifically for housing initiatives and to consider imposing restrictions on how the tax revenue can be utilized, ensuring it is primarily directed towards housing-related purposes. Key components of the study will include an analysis of current tax revenues and their uses, any relevant legislation from the One Hundred Ninth Legislature, proposed revenue applications, and the potential impact of tax increases on housing costs.

The Revenue Committee of the Legislature is tasked with conducting this interim study and is expected to report its findings and recommendations to the Legislative Council or the Legislature upon completion. This initiative reflects a commitment to addressing housing issues in Nebraska by examining the financial mechanisms that could support housing development and affordability.