Assessors in counties with more than 150,000 people must now provide property owners with preliminary property valuations and an opportunity to meet with the county assessor’s staff before the assessor submits the property abstract to state regulators. These preliminary property valuations are now available on the county assessor websites in […]
Dirt Alert
Greater Risks for Noncompliance with California’s Prevailing Wage Law
Recently, California enacted several statutes to increase compliance with California’s Prevailing Wage Law (“PWL”). Generally, the PWL requires contractors and subcontractors to pay prevailing wages for local public works projects. “Prevailing wages” are the basic hourly rate paid on public works projects to a majority of workers engaged in a […]
IRS Provides Safe Harbor for Allocation of Historic Rehabilitative Tax Credits
The Internal Revenue Service recently published much-anticipated guidance on the structuring of historic rehabilitation tax credit (“HTC”) transactions. The guidance, Revenue Procedure 2014-12 (first published December 30, 2013, revision published January 9, 2014), provides a narrow safe harbor for the allocation of rehabilitation tax credits among partners in HTC partnerships. […]
103rd Nebraska Legislature, Second Session: Real Estate, Renewable Energy and Municipal Law Update – Part 1 (Days 1 – 6)
The second session of the 103rd Nebraska Legislature commenced on January 8, 2014. Baird Holm is actively working on various bills and we will be tracking many related to real property, renewable energy, and municipal law. Here is a list of the bills we are tracking with their current status. […]
New Requirements Introduced for Meteorological Evaluation Towers
On January 13, 2014, Senator Ken Schilz introduced LB 845, legislation to repeal the current statute relating to the registration and marking of meteorological evaluation towers (MET) and to provide a new definition for METs and new requirements for registration and identification markers. LB845 defines a MET as “an […]