{"id":37331,"date":"2025-02-07T13:41:13","date_gmt":"2025-02-07T19:41:13","guid":{"rendered":"https:\/\/update.legislature.ne.gov\/?p=37331"},"modified":"2025-02-07T13:45:49","modified_gmt":"2025-02-07T19:45:49","slug":"affordable-housing-tax-credit-expansion-amended-advanced","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=37331","title":{"rendered":"Affordable housing tax credit expansion amended, advanced"},"content":{"rendered":"

A bill intended to create additional investment in affordable housing and child care programs in Nebraska advanced from select file Feb. 7 after lawmakers clarified how its provisions would affect passthrough entities.<\/p>\n

\"Sen.
Sen. Eliot Bostar<\/figcaption><\/figure>\n

LB182, introduced by Sen. Eliot Bostar of Lincoln, would allow insurance companies and financial institutions to qualify for a child care tax credit and allow a taxpayer to transfer, sell or assign Nebraska affordable housing tax credits to another taxpayer.<\/p>\n

On select file, Bostar offered an amendment, adopted 37-1, to clarify that if the owner of a qualified project is a partnership, LLC or S corporation, the affordable housing tax credit would be allocated among some or all of the partners, members or shareholders.<\/p>\n

Elkhorn Sen. R. Brad von Gillern, Revenue Committee chairperson, said the amendment further would clarify that any passthrough entity that receives a credit, either from the project\u2019s owner or another passthrough entity, could further allocate the credit among its partners, members or shareholders or transfer, sell or assign the credit to a taxpayer.<\/p>\n

By allowing the credits to be sold to more types of entities, von Gillern said, the underlying bill would increase the credits\u2019 value, resulting in the construction of more affordable housing.<\/p>\n

Omaha Sen. Terrell McKinney opposed the amendment and LB182. He expressed concern that the measure could make it easier for large out-of-state investors to acquire property and raise rental prices in his North Omaha district.<\/p>\n

After adopting Bostar\u2019s amendment, senators voted 36-1 to advance the bill to the final round of debate.<\/p>\n","protected":false},"excerpt":{"rendered":"

A bill intended to create additional investment in affordable housing and child care programs in Nebraska advanced from select file Feb. 7 after lawmakers clarified how its provisions would affect passthrough entities.<\/p>\n","protected":false},"author":1,"featured_media":36723,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[264],"class_list":["post-37331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-revenue","tag-sen-eliot-bostar"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2024\/07\/UpdateBlogPhoto-2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/37331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37331"}],"version-history":[{"count":2,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/37331\/revisions"}],"predecessor-version":[{"id":37333,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/37331\/revisions\/37333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/media\/36723"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}