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Lawmakers move to shift TIF notice deadline earlier to give assessors more time
Nebraska Legislature — Urban Affairs Committee
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Summary
Sen. Mike Jacobson presented LB240 to change the TIF notice-to-assessor deadline from Aug. 1 to on or before July 1 to give county assessors extra time to compile taxable valuations; the League and county officials supported the change and an emergency clause was included.
Senator Mike Jacobson told the committee LB240 makes a targeted change in the timeline for administering tax increment financing (TIF) under Nebraska's Community Development Law by moving the deadline to submit notices regarding division of ad valorem taxes from August 1 to on or before July 1.
"This…
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