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 […]
Dirt Alert
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 […]
The Nebraska Legislature Considers Riverfront Development Legislation
on Monday, 29 February 2016 in
Dirt Alert: David C. Levy, Editor
LB 806 (Mello) adopts the Riverfront Development District Act (the “Act”). The Act would enable cities to create one or more riverfront districts to improve or develop riverfront areas and to assess an occupation tax based on a business owner’s square footage to fund the development. A quasi-municipal body, a […]
Urban Affairs Committee Considers Changes to Tax Increment Financing
on Monday, 29 February 2016 in
Dirt Alert: David C. Levy, Editor
The Nebraska Legislature’s Urban Affairs Committee and Executive Board continue to study the use of tax increment financing (“TIF”), potential restrictions on the use of TIF, and the use of Local Option Municipal Economic Development Act or LB 840 funds for economic development projects. LB 1059 (Crawford) requires redevelopers applying […]
Memory Care Endorsements and Sales Tax Exemptions to Support Nebraska’s Health Care System
on Monday, 8 February 2016 in
Dirt Alert: David C. Levy, Editor
Legislative Bills 708 (Bolz), 774 (Scheer), and 1088 (Davis) relate to the health care needs of Nebraska. LB 708 allows health-care facilities providing memory care to include on their license a “memory care” endorsement, after applying and meeting certain qualifications. The bill requires the Department of Health and Human Services […]
