On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not impose fines, penalties, or enforcement actions against any companies for failing to file or update beneficial ownership information (BOI) reports required under the Corporate Transparency Act (CTA) by the current deadline of March 21, 2025. […]
Dirt Alert
File Your CTA Beneficial Ownership Report with FinCEN on or prior to March 21, 2025
on Thursday, 20 February 2025 in
Dirt Alert: David C. Levy, Editor
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 […]
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 […]
