Developers wanting to rehabilitate state, federal, or locally-designated historic sites could get a tax credit for doing so under legislature in the Unicameral.
The Historic Property Restoration and Reuse Act is sponsored by Bellevue Senator Abbie Cornett. Developers who restore a historic property, or a facility within a historic district, could apply for a 25 percent tax credit. Nonprofits could be eligible for a 30 percent tax credit.
Omaha, NE – The Omaha Public Schools board is opposing two measures that would cut the size of school boards.
Senator Scott Lautenbaugh's bill had its first hearing in a Unicameral committee meeting Wednesday. In addition to cutting the board to five members from its current 12, the legislation would also pay board members $20,000 and limit them to two four-year terms.
Omaha, NE – Nebraska Governor Dave Heineman is calling on lawmakers to cut state income taxes by $326.6 million dollars over the next three years.
Taxes were a central part of Heineman's State of the State address Thursday. Heineman's plan would change the state income tax brackets and lower rates accordingly. The legislation, sponsored by Bellevue Senator Abbie Cornett, would also eliminate Nebraska's inheritance tax.
Omaha, NE – Omaha Mayor Jim Suttle says job creation and strategic planning are among his priorities for 2012.
In a video message released Wednesday, Suttle talked about the challenges the city faced this year, including Missouri River flooding and the downgrade of Omaha's bond rating. The rating was restored in early December.