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New model business act approved

Published March 24, 2014, in Banking Commerce and Insurance

Nebraska’s current Business Corporation Act will be replaced under a bill passed March 24. LB749, introduced by Omaha Sen. Burke Harr, repeals the current act and adopts a revised and updated Nebraska Model Business Corporation Act. The bill passed 48-0.

Guardianship, adoption clarifications advanced

Published March 21, 2014, in Judiciary

Senators advanced a bill from general file March 20 that would change several statutes relating to children. LB908, introduced by Lincoln Sen. Colby Coash, primarily would: • permit juvenile courts to appoint guardians for abused or abandoned children; • define “abandonment” as a parent’s act of intentionally withholding from a child without just cause or…

Relaxed penalties for interlock violations advanced

Published March 21, 2014, in Judiciary

Some penalties for violating ignition interlock device restrictions would be relaxed under a bill advanced from general file March 20. Introduced by Wilber Sen. Russ Karpisek, LB998 would downgrade the penalty for using a vehicle not equipped with an ignition interlock device for those restricted to driving only vehicles with the device. Ignition interlock devices…

Penalty increase for animal neglect advanced

Published March 21, 2014, in Judiciary

Those convicted of neglecting animals could face a stiffer penalty under a bill advanced to select file March 21. LB674, introduced by Omaha Sen. Ernie Chambers, would enable judges to impose the same animal ownership restrictions for cruel neglect of animals as can be imposed for the cruel mistreatment of animals. Currently, cruel mistreatment of…

Funding for electricity transmission study advanced

Published March 21, 2014, in Natural Resources

Lawmakers gave first-round approval March 20 to a bill that would fund an electricity transmission study to be conducted by the Nebraska Power Review Board. LB1115, introduced by Hyannis Sen. Al Davis, would appropriate $200,000 from the General Fund to study existing and future state, regional and national transmission infrastructure and policy in the state….

Aging task force established

Published March 31, 2014, in Health and Human Services

A bill that creates a statewide task force on aging and seeks federal grant funds was given final approval March 31. LB690, introduced by Lincoln Sen. Kate Bolz, creates the Aging Nebraskans Task Force to facilitate implementation of the statewide strategic plan for addressing the needs of Nebraska’s aging population. The task force will include…

Full homestead exemption for disabled veterans, spouses approved

Published March 31, 2014, in Revenue

Senators passed a bill March 31 that extends a homestead exemption to disabled veterans. LB1087, introduced by Omaha Sen. Pete Pirsch, provides a 100 percent property tax exemption for a veteran with an honorable or general discharge who is drawing compensation for a 100 percent disability but is not eligible for the existing total homestead…

Changes to education funding adopted

Published March 27, 2014, in Education

A bill containing several changes to the Tax Equity and Educational Support Opportunities Act (TEEOSA) and the Education Innovation Fund was passed by the Legislature March 27. LB967, introduced by the Education Committee, reduces by half the teacher education and instructional time allowances for the calculation of aid under TEEOSA for fiscal year 2015-16 and…

Benefit corporations approved

Published March 27, 2014, in Revenue

Senators passed a bill March 27 that allows a business corporation to become a benefit corporation. Lincoln Sen. Danielle Conrad introduced LB751, which allows a business corporation to become a benefit corporation by a two-thirds vote of each class of shareholders. The bill defines a benefit corporation as a domestic business corporation that creates a…

Property tax relief approved

Published March 27, 2014, in Revenue

More retirees would be eligible for property tax relief under a bill passed by the Legislature March 27. LB986, introduced by the Revenue Committee, changes the Nebraska homestead exemption program by increasing the maximum eligible income from $28,500 to $46,900 for partial exemptions to married claimants older than 65. The maximum eligible income for partial…