Dirt Alert

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
The 2016 Legislature adopted LR 455, which created a special committee to begin to formulate a plan to address climate change on Nebraska. The committee issued its final report on December 28, 2016. The committee's recommendations include: • authorizing a planning committee to create a data-driven climate action plan;• expanding the...
U.S. Army Corps of Engineers v. Hawkes Co., 136 S. Ct. 1807 (2016). The U.S. Supreme Court held an "Approved Jurisdictional Determination" ("AJD") is a "final agency action" because it is a definitive statement by the U.S. Army Corps of Engineers ("Corps") as to its jurisdiction over a property, and the...
The Rent-Restricted Housing Projects Valuation Committee sets the capitalization rate that county assessors use to value low income housing tax credit ("LIHTC") projects for property tax purposes. On November 29, 2016, the Committee set the 2017 capitalization rate at 6.5 percent. The 2017 rate is the same as the 2016 rate....
Randy and Helen Strode purchased several tracts of land in Ashland, Nebraska. Between November 2002 and June 2003, the City of Ashland (the "City") repeatedly notified Randy his use of the property to store salvage violated zoning regulations. On June 10, 2003, the City mailed him a notice of intent to...

Posted on in Dirt Alert: David C. Levy, Editor
On October 14, 2016, the Nebraska Supreme Court held a taxpayer was eligible for the special capital gains exclusion based on a plain reading of Nebraska Revised Statutes section 77-2715.09, and the economic substance and sham transaction doctrines did not disallow the Nebraska special capital gains exclusion. The special capital gains...

1700 Farnam Street | Suite 1500 | Omaha, NE 68102 | 402.344.0500