Extended TIF Repayment OK’d
By
Unicameral Information Office
Lawmakers passed a bill March 11 that implements the provisions of a constitutional amendment approved by Nebraska voters in 2020.
Legislative Bill 25, introduced by Omaha Sen. Justin Wayne, extends the maximum repayment period for tax-increment financing from 15 years to 20 if more than one half of the land in a project is designated as extremely blighted.
LB 25 passed on a 48-0 vote and would take effect immediately.
The Unicameral Information Office is operated by the Clerk of the Legislature. Find additional coverage at update.legislature.ne.gov.
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