The Nebraska Legislature has adopted a state low-income housing tax credit to accelerate the development of low-income housing in Nebraska (Laws 2016, LB 884). Nebraska is now one of sixteen states that have a state low-income housing tax credit program. Based on the federal Low-Income Housing Tax Credit (“LIHTC”) program, […]
Dirt Alert
Landmark Legislation Deregulates Development of Private Renewable Energy Facilities
on Thursday, 21 April 2016 in
Dirt Alert: David C. Levy, Editor
On April 19, 2016, Governor Ricketts signed into law LB 824, landmark legislation that deregulates the development of renewable energy facilities in Nebraska. Senator McCollister of Omaha, Ken Schilz of Ogallala, and Ken Haar of Lincoln introduced LB 824, and its passage was a multiyear lobbying effort in which Baird […]
104th Nebraska Legislature Adjourns Sine Die
on Thursday, 21 April 2016 in
Dirt Alert: David C. Levy, Editor
The Second Session of the 104th Nebraska Legislature adjourned sine die on April 20, 2016. Of the 862 bills considered by the Legislature in 2016 (446 this session and 406 carryover bills), it enacted 216. It enacted 66 additional bills via amendments to other bills. The highlights of the sixty-day […]
Nebraska Legislature Advances Transportation Innovation Act
on Monday, 4 April 2016 in
Dirt Alert: David C. Levy, Editor
On March 21, 2016, the Nebraska Legislature advanced LB 960, the Transportation Innovation Act (the “Act”), to Final Reading (the last of three rounds of floor debate). The Act creates a transportation infrastructure bank and several new programs to accelerate state and local roads projects. A $50 million transfer from […]
Proposed Improvements to and Extension of the Nebraska Historic Tax Credit Program
on Monday, 4 April 2016 in
Dirt Alert: David C. Levy, Editor
In 2013, Baird Holm introduced the Nebraska Job Creation and Mainstreet Revitalization Act (the “Act “), which the Nebraska Legislature enacted in 2014. The Act provides $15 million in tax credits for revitalization and rehabilitation of historically significant real property. During the current legislative session, the Legislature is considering amendments […]
