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. […]
Dirt Alert
103rd Nebraska Legislature, Second Session: Real Estate, Renewable Energy and Municipal Law Update – Part 1 (Days 1 – 6)
on Friday, 17 January 2014 in
Dirt Alert: David C. Levy, Editor
The second session of the 103rd Nebraska Legislature commenced on January 8, 2014. Baird Holm is actively working on various bills and we will be tracking many related to real property, renewable energy, and municipal law. Here is a list of the bills we are tracking with their current status. […]
New Requirements Introduced for Meteorological Evaluation Towers
on Thursday, 16 January 2014 in
Dirt Alert: David C. Levy, Editor
On January 13, 2014, Senator Ken Schilz introduced LB 845, legislation to repeal the current statute relating to the registration and marking of meteorological evaluation towers (MET) and to provide a new definition for METs and new requirements for registration and identification markers. LB845 defines a MET as “an […]
There’s Still Time to Claim a Business Property Tax Credit in Iowa for 2013
on Friday, 10 January 2014 in
Dirt Alert: David C. Levy, Editor
The deadline to claim an Iowa business property tax credit is January 15, 2014. As we reported in a June 14, 2013, article, Iowa enacted legislation to reform certain types of property taxes. One reform applies to businesses that pay property taxes and allows for a credit of up to […]
EPA Adopts Additional Standard for Environmental Site Assessments
on Wednesday, 8 January 2014 in
Dirt Alert: David C. Levy, Editor
The United States Environmental Protection Agency (“EPA”) adopted an amendment to the All Appropriate Inquiries (“AAI”) rule found in 40 C.F.R. § 312, to allow, but not require, a new ASTM standard to meet the requirements of the existing AAI rule. We previously reported on a proposed amendment relating to […]
