A bill providing tax credits to redevelop historic properties is moving forward in the Unicameral.
Speaker Mike Flood chose LB888 as one of his priority bills. It would provide a 25 percent tax credit for developers who rehabilitate historic properties. Nonprofits that do so could get a 30 percent tax credit.
LB 882 would take cancer treatment decisions away from insurance companies and put them back into the hands of patients and their doctors.
That’s according to Omaha Senator Jeremy Nordquist, who introduced LB 882. He says the measure creates parity between oral chemotherapy medications and IV medications for cancer patients. Senator Nordquist says under the current system, IV medications are considered a medical benefit.
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.