Dirt Alert

The House and Senate Conference Committee have come to terms on the Trump administration’s overhaul of the current tax code. The new tax bill reinstates the 20 percent Federal Historic Tax Credit (“HTC”), but eliminates the 10 percent tax credit provided for rehabilitation of non-certified buildings predating 1936 (“Pre 1936-HTC”). […]

In its recent decision in Matthew Landrum et al. v. City of Omaha Planning Board et al., 297 Neb. 165 (2017), the Nebraska Supreme Court held that an action in error is not the proper means to seek review of a special use permit or rezoning ordinances.  Because such permits and ordinances […]

The United States Supreme Court has upheld the constitutionality of a Wisconsin regulation that prevented a landowner from selling an adjacent lot as a separate building site.  Murr et. al. v. Wisconsin et. al., No. 15–214 (June 23, 2017).  The relevant regulation prevents Wisconsin landowners from subdividing and selling an […]

The Nebraska Department of Revenue issued guidance in June on the property tax “preference” available for qualifying historic property in the Valuation Incentive Program (“VIP”).  The preference is a temporary hold on increases in tax valuations that result from rehabilitating historic property.  The hold lasts for eight years.  After the […]

The Nebraska Legislature passed Legislative Bill 217, which amended the Affordable Housing Tax Credit Act (Nebraska Revised Statutes sections 77-2501 to 77-2507).  The amendments take effect on August 24, 2017. The Act provides affordable housing tax credits to accelerate the development of low-income and workforce housing (Laws 2016, LB 884). […]