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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Omaha
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameTax Increment Financing (TIF) Program
Program purpose: General Economic Development (TIF)
Statutory authority: Nebraska Statute Article 21, Section 18-2101 - 2144
Abating jurisdiction(s): City of Omaha
Applicable taxesProperty Tax
Method of abatement: Tax Rebate
Provisions for recapture: (N/A - TIF)
Gross revenue loss: $7,706,000
Reimbursement / offset: $0
Net revenue loss: $7,706,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://finance.cityofomaha.org/