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Nebraska Amendment 6, Changes to Tax Increment Financing (TIF) Regulations Amendment (2006)

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Nebraska Amendment 6

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Election date

November 7, 2006

Topic
State and local government budgets, spending, and finance and Taxes
Status

DefeatedDefeated

Type
Legislatively referred constitutional amendment
Origin

State legislature



Nebraska Amendment 6 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 7, 2006. It was defeated.

A "yes" vote supported this amendment to make changes to Tax Increment Financing (TIF) regulations, including extending TIF authority to county and municipal governments, removing "substandard and blighted" requirements for TIF, and extending repayment time from 15 to 30 years.

A "no" vote opposed this amendment to make changes to Tax Increment Financing (TIF) regulations, including extending TIF authority to county and municipal governments, removing "substandard and blighted" requirements for TIF, and extending repayment time from 15 to 30 years.


Election results

Nebraska Amendment 6

Result Votes Percentage
Yes 151,041 30.48%

Defeated No

344,483 69.52%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Amendment 6 was as follows:

A constitutional amendment to remove a requirement that property be substandard and blighted for purposes of rehabilitating, acquiring, or redeveloping such property through use of public debt or special property tax treatment, to add development as a purpose for use of the constitutional provision authorizing public debt and special property tax treatment, to permit counties and cities and villages outside their corporate boundaries to use such constitutional provision, and to authorize the Legislature to extend the term of such special tax treatment from fifteen to thirty years.


[ ] For


[ ] Against


Ballot summary

The ballot summary for this measure was:

A vote FOR this amendment will remove the requirement that property eligible for public debt and special property tax financing be substandard and blighted and allow development of property as a qualifying purpose for the use of public debt and special property tax financing. The Legislature will also be given the authority to: (1) determine the terms and conditions for use of public debt and special property tax financing; (2) authorize counties, in addition to cities and villages, to use public debt and special property tax financing; (3) authorize cities and villages to expand the use of public debt and special property tax financing beyond their boundaries; and (4) extend the pledge and payment schedule for public debt and special property tax treatment from fifteen years to thirty years under specified circumstances.

A vote AGAINST this amendment will retain the constitutional requirement that property be substandard and blighted in order to use public debt and special property tax financing, will not add development of property as a qualifying purpose, will not authorize use of public debt and special property tax financing beyond the boundaries of cities and villages, will not authorize the Legislature to expand the use of public debt and special property tax financing by counties, and will not extend the pledge and payment schedule from fifteen years to thirty years.

Full Text

The full text of this measure is available here.


Path to the ballot

See also: Amending the Nebraska Constitution

A 60% supermajority vote is required during one legislative session for the Nebraska State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 30 votes in the unicameral legislature, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot. A simple majority vote is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election. This also applies to citizen initiatives.

See also


External links

Footnotes