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 […]
Dirt Alert
Proposed Legislation Jeopardizes the Nebraska State Historic Tax Credit
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
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 […]
105th Nebraska Legislature Bill Introduction
February 6, 2017, is day 23 of the 1st Session of the 105th Nebraska Legislature. Here is a list of the bills we are tracking and their current status. This Dirt Alert provides a special report on proposed legislation targeting the Nebraska State Historic Tax Credit, and a general update […]
Nebraska State Auditor Reports on the Use of Tax Increment Financing
The Auditor of Public Accounts (“Auditor”) recently audited a number of Tax Increment Financing (“TIF”) projects and issued this report. The Auditor concluded a number of municipalities violated the Community Development Law (the “Act”) that authorizes TIF. TIF allows municipalities to use property taxes from the improvement of blighted and […]