On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (“Act”) into law. The Act makes major changes to prescription-drug pricing, corporate taxes and climate change. (For the Act’s implications to corporate tax, see our Inflation Reduction Act – Key Tax Provisions article.) Most new spending […]
Dirt Alert
Nebraska Supreme Court: Extension of Natural-Gas Main is in “Public Interest” Despite Prior Agreement
In re App. No. P-12.32 of Black Hills Neb. Gas, 311 Neb. 813 (2022). The Nebraska Public Service Commission (“PSC”) has broad authority to regulate natural-gas providers in Nebraska. Under Nebraska Revised Statutes section 66‑1863, a provider must obtain PSC approval before expanding or enlarging its service area.[1] The standard […]
Nebraska Supreme Court: Possible Loan Release Makes Summary Judgment Premature for Partition Action
Humphrey v. Smith, 311 Neb. 632 (2022). A partition action asks a court to split a property between multiple owners. Here, two people bought a house together. One loaned the other $25,000 of the $35,000 purchase price. The lender, in turn, promised to release his name from the deed once […]
Nebraska Supreme Court: Lack of “Mental Disorder” Stymies Delinquent Taxpayer’s Extended Redemption Claim
Nieveen v. TAX 106, 311 Neb. 574 (2022). Tax sales are a common method for counties to recoup unpaid property taxes in Nebraska. Each county places an automatic lien on property within its boundaries for any unpaid property taxes. Neb. Rev. Stat. § 77-1901. The county can then sell its […]
Nebraska Supreme Court: Lis Pendens Protects Buyer’s Right to Acquire Real Estate by Court Order
Wilkinson Development, Inc. v. Ford & Ford Investments, 311 Neb. 476 (2022). This case concerns dueling purchase agreements, each obligating Ford & Ford Investments (“Ford”) to sell the same parcel of commercial real estate in Dawson County, Nebraska. Ford first entered into a purchase agreement with Wilkinson Development, Inc. (“Wilkinson”) […]