As of February 18, 2025, FinCEN filing obligations under the Corporate Transparency Act (CTA) are required. The nationwide injunction previously imposed by the U.S. District Court for the Eastern District of Texas, Smith v. U.S. Department of the Treasury, has been lifted by that court. By changing course, the Texas […]
Dirt Alert
Nebraska Horseracing Industry Awaits U.S. Supreme Court Decision on Constitutionality of Federal Thoroughbred Regulations
on Thursday, 30 January 2025 in
Dirt Alert: David C. Levy, Editor
Federal courts have split on whether HISA, a private corporation, may constitutionally create and enforce federal law. Several key economic development initiatives in the State of Nebraska hang in the balance until the U.S. Supreme Court resolves a circuit split concerning the Horseracing Integrity and Safety Act (“Act”).[i] Passed in […]
Summaries from Days 6-10 of Nebraska Bill Introduction
on Monday, 27 January 2025 in
Dirt Alert: David C. Levy, Editor
The First Regular Session of the 109th Nebraska Legislature convened on January 8, 2025. As of January 25, 77 legislative days remain in the session. The Legislature plans to adjourn sine die on June 9, 2025. Bill introduction concluded on January 22, 2025. Through days 6-10 of bill introduction, we identified 46 […]
New Statute May Bar Non Nebraska Entities from Acquiring Most Nebraska Land
on Monday, 27 January 2025 in
Dirt Alert: David C. Levy, Editor
Broad language in the Foreign-Owned Real Estate National Security Act may jeopardize American landowners that formed an entity outside of Nebraska. A new statute limits foreign acquisition of Nebraska land. The Foreign-Owned Real Estate National Security Act (the “Act”) prohibits any “foreign corporation” or “nonresident alien” from owning Nebraska real estate […]
Did the January 23rd U.S. Supreme Court Stay Change Your Filing Obligations with the Corporate Transparency Act?
on Friday, 24 January 2025 in
Dirt Alert: David C. Levy, Editor
As of January 24, 2025, entities are not required to file beneficial ownership information reports (BOI reports) with FinCen. All filings are optional, and a nationwide preliminary injunction still exists suspending enforcement of the Corporate Transparency Act (CTA). On January 23, 2025 the U. S. Supreme Court granted the U.S. government’s […]
