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.
Douglas County Commissioners say taxpayers could be forced to pay more if the state of Nebraska does away with its inheritance tax.
During his State of the State address, Governor Dave Heineman told lawmakers he wants the inheritance tax to end. The inheritance tax is based upon the fair market value of a property at the time of a person’s death. The amount of tax paid varies depending on the relationship between the deceased and the person who inherits the property.
Senator Jeremy Nordquist of Omaha recently introduced LB 835 into the legislature.
The bill would create a state-based Nebraska health insurance marketplace. Senator Nordquist says under the Affordable Care Act, each state is required to establish a healthcare exchange or the federal government will create one for them.
Jobs, immigration, and foreign policy were among the topics in the first debate of the Second Congressional District race.
Democratic candidates John Ewing and Gwen Howard debated Friday night at the Douglas County Democratic Party’s annual Truman Dinner. Ewing is Douglas County Treasurer. Howard is serving her second term as State Senator.