Legislative Bill 845 sought 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. We detailed the provisions of LB 845 in an article shortly after its introduction. While […]
Publications
Nebraska Approves the Nebraska Benefit Corporation Act (LB 751)
Governor Heineman approved the Nebraska Benefit Corporation Act on April 2, 2014. Nebraska joins approximately twenty other states that have adopted benefit-corporation legislation, a list which is expected to grow as Nebraska was one of fifteen states considering such legislation this year. Introduced by Senator Danielle Conrad as Legislative Bill […]
New Procedures for Real Estate Tax Sales (LB 851)
Governor Heineman approved Legislative Bill 851 on April 9, 2014. LB 851 amends the procedures for tax sales of real estate in sections 19-5217 and 77-1807 of the Nebraska Revised Statutes. The amendments include: a) an increase of three months to the time in which land banks must foreclose or […]
Enterprise Zone Act Reactivated and Modernized (LB 800)
On April 9, 2014, Governor Heineman approved Legislative Bill 800. LB 800 updates the Enterprise Zone Act and allows the Department of Economic Development (“DED”) to designate new areas as enterprise zones. The purpose of LB 800 is to encourage investment and economic growth while giving preference to projects located […]
Passage of the Nebraska State Historic Tax Credit – Nebraska Job Creation and Mainstreet Revitalization Act (LB 191)
On April 16, 2014, Governor Heineman signed Legislative Bill 191, which creates a historic tax credit at the state level to further incentivize real property owners and developers to revitalize historically significant real properties throughout Nebraska. The Nebraska historic tax credit will serve as a valuable incentive to allow Nebraska […]