Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 350 - Nebraska Department of Revenue, Property Assessment Division
Chapter 41 - In Lieu of Tax Regulations
Section 350-41-006 - HOUSING AGENCIES

Universal Citation: 350 NE Admin Rules and Regs ch 41 ยง 006

Current through March 20, 2024

006.01 Housing agencies may pay an in lieu of tax to cover the costs of services provided by various political subdivisions. The in lieu of tax payment shall never exceed the cost of the services, improvements or facilities furnished by the political subdivisions.

006.02 The in lieu of tax payment shall be made to the county treasurer of the county where the agency is located. The distribution by the county treasurer shall be based upon what each subdivision's levy is to the total of all the levies of the subdivisions that could have levied against the property.

006.03 The assessor shall obtain information concerning in lieu of taxes from the county treasurer and report such information as required by the Property Tax Administrator on the Certificate of Taxes Levied Report.

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