All Roll Calls
Yes: 87 • No: 0
NebraskaLB240109th Legislature 1st and 2nd SessionslegislatureWALLET
Change certain notice provisions under the Community Development Law
Sponsored By: Mike Jacobson
Signed by Governor
Urban Affairs Committee
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 0 costs, 2 mixed.
More housing help in metro plans
In a metropolitan-class city, some housing counts as related to a redevelopment plan even if it is outside the plan area. This includes homes for people below area median income within 600 yards of a public streetcar, and single-family or condo primary homes for people below area median income, if they support the plan’s activities. Each year, the city and authority try to put at least 30% of these funds into single-family housing. They must create a qualified allocation plan and put first priority on financially sound projects that serve the lowest-income people for the longest time. If a plan splits taxes on only part of the area, improvements paid with those taxes must relate to that same plan.
Protest project tax valuations
If a project value is not set, the county assessor sets it at fair market value as of January 1 of the year before the tax year. The assessor must mail the valuation to the redevelopment authority and the property owner. You can protest to the county board of equalization within 30 days. The board must decide within 30 days, and the clerk mails the decision within 7 days. You can appeal to the Tax Equalization and Review Commission within 30 days of that decision.
Time limits on property tax splits
The law caps how long taxes can be split for projects. If over 50% of the area is declared extremely blighted, the split can last up to 20 years. All other projects can split taxes for up to 15 years. The split does not start until the property is inside the city limits, except for certain formerly used defense sites. The redevelopment authority must send notice to the county assessor by August 1 of the year the split takes effect, using the state form; if late, taxes for those years stay undivided and go to the usual public bodies, and the remaining split uses the last certified value from the year before the effective date. The law takes effect immediately upon passage and approval.
Where extra property taxes go
In a redevelopment area, any property tax collected above the amount from the project's valuation goes into a special fund. The redevelopment authority uses this fund only to pay project debt like bonds or loans. When the debt is paid, the authority must tell the county assessor and treasurer, and taxes go back to normal distribution. The authority may use one fund for several projects or separate funds. Interest and penalties on late taxes are split among public bodies in the same proportion as other taxes.
Sponsors & Cosponsors
Sponsor
Mike Jacobson
legislature
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
legislature vote • 3/6/2025
Final Reading
Yes: 48 • No: 0 • Other: 1
legislature vote • 2/11/2025
Vote
Yes: 39 • No: 0 • Other: 10
Actions Timeline
Approved by Governor on March 11, 2025
3/12/2025legislaturePassed on Final Reading with Emergency Clause 48-0-1
3/6/2025legislaturePresident/Speaker signed
3/6/2025legislaturePresented to Governor on March 6, 2025
3/6/2025legislaturePlaced on Final Reading
3/4/2025legislatureAdvanced to Enrollment and Review for Engrossment
2/25/2025legislaturePlaced on Select File
2/19/2025legislatureAdvanced to Enrollment and Review Initial
2/11/2025legislaturePlaced on General File
2/6/2025legislatureNotice of hearing for January 28, 2025
1/21/2025legislatureReferred to Urban Affairs Committee
1/16/2025legislatureDate of introduction
1/14/2025legislature
Bill Text
Introduced
3/12/2025
Enrolled / Slip Law
Final / Enacted