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Lawmakers consider moving TIF notice deadline earlier to ease county assessor workload
Nebraska Legislature — Urban Affairs Committee
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Summary
Sen. Mike Jacobson told the Urban Affairs Committee LB240 would change the tax-increment financing notice deadline from Aug. 1 to on or before July 1 so county assessors have more time to compile taxable values; county and municipal groups supported the change.
Senator Mike Jacobson introduced LB240 as a targeted administrative change to Nebraska's Community Development Law. "Notices regarding the division of ad valorem taxes and TIF projects must be submitted to the county assessors by August 1st. LB240 changes the deadline to on or before July 1st," Jacobson said,…
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