On June 12, 2013, Iowa Governor Branstad signed into law Senate File 295, a significant tax reform bill. SF295, among other things: establishes a “business property tax credit fund” to incentivize small business growth in Iowa; rolls back the taxable value of certain commercial, industrial, and railroad property in Iowa; […]
Publications
Nebraska Legislature Adopts Land Bank Act
Governor Heineman signed the Nebraska Municipal Land Bank Act into law on June 4, 2013. The Land Bank Act authorizes municipalities to establish land banks to acquire tax delinquent properties. A land bank may acquire abandoned, unproductive properties and properties subject to burdensome tax liabilities from both private landowners and […]
Nebraska Mainstreet Revitalization and Job Creation Act
Legislative Bill 191 would create a credit against Nebraska income tax for investment in the rehabilitation of a historic building or a building that contributes to a historic district. Baird Holm developed this legislation and lobbied for it pro bono in 2012. We continued working on this effort in 2013, […]
Nebraska Legislature Adopts Sales Tax Incentive for Renewable Energy Projects
Renewable energy played its most prominent role yet in the Nebraska Legislature in 2013. This culminated in the Legislature passing Legislative Bill 104, which provides a sales tax refund to a renewable energy project that entails at least $20,000,000 of investment. This puts Nebraska relatively even with neighboring states that […]
103rd Nebraska Legislature, First Session: Real Estate, Renewable Energy and Municipal Law Update
The first session of the 103rd Nebraska Legislature adjourned sine die on June 5, 2013. Lawmakers passed 214 of the 661 bills introduced in this 90-day session. Below is our final update on the bills we tracked this session related to real property, renewable energy and municipal law. 103rd Nebraska Legislature, […]