On January 22, 2014, Nebraska Senator Al Davis introduced Legislative Bill 1115, which seeks to appropriate $200,000 to the Nebraska Power Review Board to conduct a study of state, regional, and national transmission infrastructure and policy. The study would identify electric transmission and generation constraints and opportunities, with the goal […]
Dirt Alert
Environmental Protection Agency Publishes Greenhouse Gas Standards
On January 8, 2014, the United States Environmental Protection Agency (“EPA”) published proposed performance standards for new electric utility power plants. The carbon emission limitations would apply to most coal-fired and gas-fired power plants obtaining construction permits after January 8, 2014, including any existing plant that is to be modified […]
Preliminary Property Valuations Available in Douglas, Sarpy and Lancaster Counties
Assessors in counties with more than 150,000 people must now provide property owners with preliminary property valuations and an opportunity to meet with the county assessor’s staff before the assessor submits the property abstract to state regulators. These preliminary property valuations are now available on the county assessor websites in […]
Greater Risks for Noncompliance with California’s Prevailing Wage Law
Recently, California enacted several statutes to increase compliance with California’s Prevailing Wage Law (“PWL”). Generally, the PWL requires contractors and subcontractors to pay prevailing wages for local public works projects. “Prevailing wages” are the basic hourly rate paid on public works projects to a majority of workers engaged in a […]
IRS Provides Safe Harbor for Allocation of Historic Rehabilitative Tax Credits
The Internal Revenue Service recently published much-anticipated guidance on the structuring of historic rehabilitation tax credit (“HTC”) transactions. The guidance, Revenue Procedure 2014-12 (first published December 30, 2013, revision published January 9, 2014), provides a narrow safe harbor for the allocation of rehabilitation tax credits among partners in HTC partnerships. […]