Legislative Bill 625 proposes several changes to the Property Assessed Clean Energy Act (“PACE”). PACE allows municipalities to finance the installation of energy efficiency improvements and renewable energy systems following the adoption of ordinances creating clean energy assessment districts. PACE benefits the consumer and community by allowing energy efficiency improvements […]
Dirt Alert
Guidance on Historic Tax Credits by Pass-through Entities
on Monday, 13 March 2017 in
Dirt Alert: David C. Levy, Editor
On March 7, 2017, the Nebraska Department of Revenue issued guidance on the use of state historic tax credits by owners of pass-through entities. The Nebraska Job Creation and Mainstreet Revitalization Act (the “Act”) established tax credits for applicants to rehabilitate historically significant property. The guidance under the Act provides […]
105th Nebraska Legislature Bill Introduction
on Wednesday, 22 February 2017 in
Dirt Alert: David C. Levy, Editor
March 8, 2017, is Day 43 of the 1st Session of the 105th Nebraska Legislature. The full body has achieved very little, but committee hearings are in full swing. Here is a list of recent or upcoming relevant committee hearings and our positions on behalf of our clients: Tax Increment […]
Proposed Legislation Jeopardizes the Nebraska State Historic Tax Credit
on Monday, 6 February 2017 in
Dirt Alert: David C. Levy, Editor
Not quite three years ago, we shared the good news that then-Governor Heineman signed the Nebraska State Historic Tax Credit into law on April 17, 2014. Now, the program is in jeopardy in the Nebraska Legislature. According to the linked report, which the University of Nebraska prepared for the State […]
105th Nebraska Legislature Bill Introduction
on Monday, 23 January 2017 in
Dirt Alert: David C. Levy, Editor
The First Session of the 105th Nebraska Legislature convened on January 4, 2017. Here is a list of the bills we are tracking and their current status. Summaries of certain bills of interest are available here. As of January 23, 2017, the Nebraska Legislature introduced 667 legislative bills and 19 resolutions. This […]
