Less than one week after the Nebraska Supreme Court issued an important decision for public entities in Nebraska Journalism Trust v. Nebraska Department of Environment, the Legislature passed a bill nullifying a key piece of the Court’s decision and making other changes to the Nebraska Public Records Statutes and Open […]
Dirt Alert
Nebraska Supreme Court Addresses Rent-Restricted Property Valuation and Congress Adjusts Laws Affecting Low Income Housing Tax Credits
The Low Income Housing Tax Credit (“LIHTC”) industry in Nebraska may be changing. First, on March 15, 2024, the Nebraska Supreme Court decided A&P II, LLC v. Lancaster County Board of Equalization, addressing LIHTC property valuation methodologies. Second, Congress adjusted the Private Activity Bond (“PAB”) financing threshold for four percent […]
Legislative Update Through Three Quarters of the 2024 Nebraska Legislative Session
The Second Regular Session of the 108th Nebraska Legislature convened on January 3, 2024. It will adjourn sine die on April 18, 2024. As of the publishing of this article, 15 legislative days remain in the session. Through the first 10 days of the session, we identified and analyzed 193 legislative bills […]
Federal Regulators Clarify the Scope and Mechanics of “Direct Pay” and Hydrogen Tax Credits
The U.S. Department of the Treasury (“Treasury”) and Internal Revenue Service (the “IRS”) recently clarified the scope of certain clean energy tax credits. Regulations address (1) political subdivisions’ eligibility for “direct pay” of tax credits here and (2) qualifications for the clean hydrogen tax credit here. Direct Pay of Tax […]
Legislative Update Through the Halfway Point of the 2024 Nebraska Legislative Session
The Second Regular Session of the 108th Nebraska Legislature convened on January 3, 2024. This article marks the halfway point of the Session. Thirty legislative days remain in the session. Through the first ten days of this session, we identified and analyzed 193 legislative bills of interest, including 91 carryover bills from […]