The U.S. Department of the Treasury (“Treasury”) and Internal Revenue Service (the “IRS”) recently clarified the scope of certain clean energy tax credits. Regulations address (1) political subdivisions’ eligibility for “direct pay” of tax credits here and (2) qualifications for the clean hydrogen tax credit here. Direct Pay of Tax […]
Dirt Alert
Legislative Update through the Halfway Point of the 2024 Nebraska Legislative Session
The Second Regular Session of the 108th Nebraska Legislature convened on January 3, 2024. This article marks the halfway point of the Session. Thirty legislative days remain in the session. Through the first ten days of this session, we identified and analyzed 193 legislative bills of interest, including 91 carryover bills from […]
U.S. Department of Transportation to Provide Preferential Financing for Public Infrastructure Development Including Commercial to Residential Conversion Projects
The federal government recently revised the Transportation Infrastructure Financing and Innovation Act[1] (“TIFIA”) to allow the U.S. Department of Transportation (“DOT”) to provide more financing to certain infrastructure improvement projects, including commercial to residential conversions. The TIFIA program currently has over $70 billion dollars in lending capacity. As of January […]
Update of Legislative Action Through Day 22 of the 2024 Nebraska Legislative Session
The Second Regular Session of the 108th Nebraska Legislature convened on January 3, 2024. As of the publishing of this article, thirty-eight (38) legislative days remain in the session. Through the first ten days of this session we identified, analyzed and summarized one hundred and two (102) legislative bills of interest. Links […]
Legislative Bill 531 Makes Several Important Changes to Tax Increment Financing in Nebraska
Legislative Bill 531 (“LB 531”) became law on June 6, 2023. This bill made six important changes to Community Development Law and tax increment financing (“TIF”) in Nebraska. While LB 531 has been law for a bit, it makes enough important changes that we thought it beneficial to send a […]