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Atchison County amends neighborhood revitalization plan to exclude overlapping increment-based incentives
Summary
The commission approved two new paragraphs clarifying that properties within RHID, TIF or IRB programs cannot simultaneously receive Neighborhood Revitalization Program rebates while the other program captures the tax increment. The county appraiser will update the NRP application to ask about other incentive participation.
Atchison County commissioners on Aug. 12 approved amendments to the county's Neighborhood Revitalization Program (NRP) to prevent the same tax increment from being rebated under multiple incentive programs.
County Counselor Mr. Henderson told the commission the change adds two paragraphs to the plan clarifying that any tax increment captured by a reinvestment housing incentive district (RHID), tax increment financing (TIF) district or an industrial revenue bond (IRB) reimbursement may not simultaneously be rebated under the county's NRP. Henderson said a property could become eligible for NRP only after the other increment-based program has been satisfied, expired or terminated, and that NRP eligibility would…
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