Economic Development Legislation in the Unicam
St. Paul Development Corporation Director Mike Feeken provides a recap of the upcoming legislation gaining an official position from the Nebraska Economic Developers Association (NEDA). A number of proposed laws for economic development saw NEDA take affirmative, oppositional or neutral positions on several issues in 2012.
The NEDA Board of Directors SUPPORTS the following legislation:
- LB 830 – Provide a sales and use tax exemption for biochips
- LB 850 – Create the incentive area tax credit program and authorize tax credits
- LB 872 – Change provisions relating to apportionment of income between states
- LB 955 – Appropriate funds to the Department of Economic Development
- LB 983 – Change provisions relating to a research tax credit
- LB 1043 – Eliminate provisions relating to contracts or agreements for discounted rates involving public
power districts
- LB 1075 – Provide for assessment of rent-restricted housing projects by the Property Tax Administrator
- LB 1080 – Provide a property tax exemption and a sales and use tax exemption relating to data centers
- LB 1108 – Change provisions relating to a sales and use tax exemption for manufacturing machinery and
equipment
- LB 1115 – Authorize construction and operation of natural gas pipeline facilities by jurisdictional utilities
- LB 1118 – Provide tax incentives for large data center projects
- LB 1055 – Appropriate funds for a Kearney Division nursing and allied health professions facility
- LB 1065 – Appropriate facility construction funds for the Lincoln Division of the University of Nebraska
Medical Center College of Nursing
- LB 1066 – Appropriate funds for planning and design of a veterinary diagnostic laboratory facility
- LB 1089 – Appropriate funds for construction of a cancer research facility
The NEDA Board OPPOSES the following legislation:
- LB 918 – Change provisions of the Community Development Law
- LB 971 – Merge the Department of Labor into the Department of Economic Development
- LB 1017 – Transfer funds to the Affordable Housing Trust Fund
- LB 1098 – Repeal the Build Nebraska Act and change distribution of sales and use tax revenue
- LB 1138 – Change community betterment organization and tax credit provisions under the Community
Development Assistance Act
The NEDA Board will MONITOR the progress of the following legislative bills:
- LB 796 – Adopt the Outdoor Outfitters and Guides Registration Act
- LB 1053 – Create Nebraska Tourism Commission and transfer powers and duties from the Travel and
Tourism Division of the Department of Economic Development
- LB 1110 – Provide for assistance for temporary and permanent housing after a natural disaster
- LB 1132 – Change the Community Development Law
