Nebraska TIF Requirements for Redevelopment Amendment (2014)
| Not on Ballot |
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| This measure was not put on an election ballot |
A Nebraska TIF Requirements for Redevelopment Amendment was not 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 percent vote in order to place the proposed amendment on the ballot. The 2014 legislative session ended without the measure's approval.
See also
External links
Footnotes
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State of Nebraska Lincoln (capital) |
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