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 […]
Dirt Alert
Nebraska State Auditor Reports on the Use of Tax Increment Financing
on Thursday, 19 January 2017 in
Dirt Alert: David C. Levy, Editor
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 […]
Committee Releases Final Report to Create a Framework for a Nebraska Climate Action Plan
on Thursday, 19 January 2017 in
Dirt Alert: David C. Levy, Editor
The 2016 Legislature adopted LR 455, which created a special committee to begin to formulate a plan to address climate change on Nebraska. The committee issued its final report on December 28, 2016. The committee’s recommendations include: • authorizing a planning committee to create a data-driven climate action plan; • […]
Landowners Have the Right to Appeal an Approved Jurisdictional Determination Under the Clean Water Act
on Thursday, 19 January 2017 in
Dirt Alert: David C. Levy, Editor
U.S. Army Corps of Engineers v. Hawkes Co., 136 S. Ct. 1807 (2016). The U.S. Supreme Court held an “Approved Jurisdictional Determination” (“AJD”) is a “final agency action” because it is a definitive statement by the U.S. Army Corps of Engineers (“Corps”) as to its jurisdiction over a property, and […]
2017 Capitalization Rate for Valuing Low-Income Housing Tax Credit Properties
on Monday, 19 December 2016 in
Dirt Alert: David C. Levy, Editor
The Rent-Restricted Housing Projects Valuation Committee sets the capitalization rate that county assessors use to value low income housing tax credit (“LIHTC”) projects for property tax purposes. On November 29, 2016, the Committee set the 2017 capitalization rate at 6.5 percent. The 2017 rate is the same as the 2016 […]
