Nebraska TIF Requirements for Redevelopment Amendment (2014)

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A Nebraska TIF Requirements for Redevelopment Amendment will not appear on the November 4, 2014 ballot in Nebraska as a legislatively-referred constitutional amendment. The measure would have altered the requirements for cities and villages to use tax-increment financing to rehabilitate and redevelop properties by (1) replacing the requirement that property be designated “substandard and blighted” with the requirement that property must be “in need of rehabilitation or redevelopment” and (2) extending the maximum length of time for tax-increment financing bond repayment from fifteen to twenty years.[1]

The amendment was sponsored in the Nebraska Senate by State Senator Greg Adams (NP-24) as Legislative Resolution 29CA.[2]

Path to the ballot

See also: Amending the Nebraska Constitution

The Nebraska State Senate needed to pass the legislation by a 60% vote in order to place the proposed amendment on the ballot. The 2014 legislative session ended without the measure's approval.

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