The United States Supreme Court has upheld the constitutionality of a Wisconsin regulation that prevented a landowner from selling an adjacent lot as a separate building site. Murr et. al. v. Wisconsin et. al., No. 15–214 (June 23, 2017). The relevant regulation prevents Wisconsin landowners from subdividing and selling an […]
Dirt Alert
Valuation of Historically Significant Real Property
on Monday, 17 July 2017 in
Dirt Alert: David C. Levy, Editor
The Nebraska Department of Revenue issued guidance in June on the property tax “preference” available for qualifying historic property in the Valuation Incentive Program (“VIP”). The preference is a temporary hold on increases in tax valuations that result from rehabilitating historic property. The hold lasts for eight years. After the […]
Modifications to the Affordable Housing Tax Credit
on Monday, 17 July 2017 in
Dirt Alert: David C. Levy, Editor
The Nebraska Legislature passed Legislative Bill 217, which amended the Affordable Housing Tax Credit Act (Nebraska Revised Statutes sections 77-2501 to 77-2507). The amendments take effect on August 24, 2017. The Act provides affordable housing tax credits to accelerate the development of low-income and workforce housing (Laws 2016, LB 884). […]
Omaha Adopts Nebraska’s First PACE Ordinance
on Monday, 17 July 2017 in
Dirt Alert: David C. Levy, Editor
Omaha’s City Council recently passed Nebraska’s first Property Assessed Clean Energy Act (“PACE”) ordinance. The ordinance will allow commercial property owners to finance energy-efficiency and water-conservation improvements through special assessments. Omaha City Council member Aimee Melton led this effort. To qualify for PACE financing, a property owner must file with […]
105th Nebraska Legislature Adjourns Sine Die
on Friday, 2 June 2017 in
Dirt Alert: David C. Levy, Editor
The Nebraska Legislature adjourned sine die on May 23, 2017. The Legislature considered 667 bills, enacted 173, and enacted 67 additional bills via amendments to other bills. Highlights of the session included significant debate on various budget cuts to close the projected $1 billion budget gap and a variety of […]
