On March 21, 2016, the Nebraska Legislature advanced LB 960, the Transportation Innovation Act (the “Act”), to Final Reading (the last of three rounds of floor debate). The Act creates a transportation infrastructure bank and several new programs to accelerate state and local roads projects. A $50 million transfer from […]
Dirt Alert
Proposed Improvements to and Extension of the Nebraska Historic Tax Credit Program
on Monday, 4 April 2016 in
Dirt Alert: David C. Levy, Editor
In 2013, Baird Holm introduced the Nebraska Job Creation and Mainstreet Revitalization Act (the “Act “), which the Nebraska Legislature enacted in 2014. The Act provides $15 million in tax credits for revitalization and rehabilitation of historically significant real property. During the current legislative session, the Legislature is considering amendments […]
2016 Interim Study Resolutions
on Monday, 4 April 2016 in
Dirt Alert: David C. Levy, Editor
Members of the Nebraska Legislature introduced over 100 legislative resolutions for interim studies thus far during the 2016 legislative session. Although March 29, 2016, was the last day a senator could introduce an interim study, each standing committee may introduce one additional study prior to adjournment sine die, which is […]
15 Days Left in the 2016 Legislative Session
on Monday, 21 March 2016 in
Dirt Alert: David C. Levy, Editor
Only 15 legislative days remain of the 2016 legislative session, and several prominent issues are still pending before the full Legislature. This Dirt Alert provides an update on the bills we are tracking related to economic development, municipal law, real estate, renewable energy, and taxation. Here is a list of the […]
The Proposed Affordable Housing Tax Credit Act Would Largely Mirror the Federal Program
on Monday, 29 February 2016 in
Dirt Alert: David C. Levy, Editor
LB 951 (Harr) adopts the Affordable Housing Tax Credit Act (the “Act”). For qualified projects, the State may grant an owner of affordable housing a nonrefundable income tax credit equal to the amount of federal low-income tax credits available to the project. The Act substantially mirrors the federal program, and […]
