The Nebraska Legislature has twelve legislative days left in the 2017 session. This week, the Legislature will finalize the biennial budget in an effort to close the projected $900 million shortfall. Also, the Legislature may again take up a measure to fund property tax, and potentially, income tax, relief (AM […]
Dirt Alert
Nebraska Department of Revenue Publishes Guidance on Historic Tax Credits
on Thursday, 4 May 2017 in
Dirt Alert: David C. Levy, Editor
The Nebraska Department of Revenue (the “Department”) recently issued guidance on calculating eligible expenditures for earning state historic tax credits under the Nebraska Job Creation and Mainstreet Revitalization Act (the “Act”). The Act provides $15 million in tax credits annually for applicants rehabilitating historically significant property to offset Nebraska income […]
Revenue Committee Advances Proposed Legislation to Reduce Income Tax Rates
on Monday, 17 April 2017 in
Dirt Alert: David C. Levy, Editor
The Nebraska Legislature’s Revenue Committee advanced legislation to reduce top individual and corporate income tax rates and change the method of valuing agricultural property. Amendment 954 to Legislative Bill 461 would reduce individual and corporate income tax rates in phases, from 6.84 percent to 5.99 percent, and from 7.81 percent […]
New 2017 Nationwide Permits Are Effective as of March 19, 2017
on Monday, 17 April 2017 in
Dirt Alert: David C. Levy, Editor
In accordance with section 404(e) of the Clean Water Act (the “CWA”) and section 10 of the Rivers and Harbors Act of 1899, the U.S. Army Corps of Engineers (the “Corps”) adopted a general permitting process to address limited common discharges of dredged or fill material into jurisdictional “waters of […]
The D.C. Circuit Vacated the Reporting Exemption for Farms under CERCLA and the Emergency Planning and Community Right-to-Know Act
on Monday, 17 April 2017 in
Dirt Alert: David C. Levy, Editor
Waterkeeper Alliance v. EPA, No. 09-1017 (D.C. Cir. April 11, 2017). The D.C. Circuit Court of Appeals vacated the EPA’s final rule exempting farms from statutory reporting requirements for air releases from animal waste. Under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (“CERCLA”) and the Emergency Planning […]
