104th Nebraska Legislature Adjourns Sine Die
The Second Session of the 104th Nebraska Legislature adjourned sine die on April 20, 2016. Of the 862 bills considered by the Legislature in 2016 (446 this session and 406 carryover bills), it enacted 216. It enacted 66 additional bills via amendments to other bills. The highlights of the sixty-day session included repeated filibusters, a tight-budget environment, and passage of several economic development initiatives. Here is a list of the bills we are tracking and their current status.
This Dirt Alert provides an update on bills related to economic development, municipal law, real estate, renewable energy, and taxation. Of note, the Legislature deregulated the development of private renewable energy generation facilities in Nebraska. See our article on LB 824 for more details, here.
The Legislature also adopted a state low-income housing tax credit, which provides owners of qualified affordable housing projects placed in service after January 1, 2018, a nonrefundable tax credit equal to the amount of federal low-income housing tax credits available to the project. See our article on LB 884 for more details, here.
And the Legislature adopted an innovative funding structure for state and local roads projects by creating a transportation infrastructure bank and several new programs to accelerate state and local roads projects. Laws 2016, LB 960. In total, the legislation allocates over $450 million to projects prioritized by the Nebraska Department of Roads between July 1, 2016, through June 30, 2033. LB 960 also authorizes the Department of Roads to solicit and execute design-build contracts and construction manager-general contractor contracts to accelerate completion of priority roads projects.
Copies of the bills and other information regarding the status of the bills is available on the Nebraska Legislature’s website at http://www.nebraskalegislature.gov/bills/. Please contact us if you have questions about these bills or any others. Thank you.