Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 350 - Nebraska Department of Revenue, Property Assessment Division
Chapter 18 - Community Development Project Regulations
Section 350-18-005 - REPORTING BY REDEVELOPMENT AUTHORITIES
Universal Citation: 350 NE Admin Rules and Regs ch 18 ยง 005
Current through September 17, 2024
005.01 On or before December 1 each year, any city which has approved redevelopment plans that are financed in whole or in part through the use of tax increment financing, shall file a report with the Property Tax Administrator for each plan. The report shall contain the following:
005.01A A copy of the redevelopment
plan and any amendments thereto, approval date of the plan, the effective date
for dividing the real property taxes as provided to the assessor and the
location and boundaries of the property in the redevelopment project.
005.01B A short narrative description of the
type of development undertaken, including the financing and type of business or
commercial activity locating within the redevelopment area as a result of the
redevelopment project.
005.02 The Property Tax Administrator shall compile the information obtained from the cities pursuant to Regulation 18-005 and information reported by the assessor or county clerk on the certificate of taxes levied for each redevelopment project into a report to be submitted to the Clerk of the Legislature by March 1 each year.
005.02A The report may also contain any
recommendations that the Property Tax Administrator determines necessary to
facilitate analysis of the uses, purposes, and effectiveness of tax increment
financing and the process for its implementation.
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