2006

Nebraska Advantage Act Incentives

State: 

Year: 

Application Process: 
Only initial application required
Geographic Requirements: 
Programs available without regard to any designated geographic area
Local Option in Adoption of Program: 
Local government is unable to exercise an option
Local Option Regarding Program Features : 
No
Description of Local Option Regarding Adoption or Program Features : 
A prospective business must file an application with the Department of Revenue.
Incentive Type: 
Exemption
Incentive Description: 
Once the required investment/employment thresholds are met and maintained, projects may qualify for personal property tax incentives. Projects may qualify for a 10 year exemption for the following types of personal property: For Tier 4, exemption of aircraft, computer systems, agricultural processing equipment, and distribution facility equipment.
Eligibility Criteria: 
Incentives Tied to Increasing Jobs or Wages
Incentives Tied to Investment
Description of Eligibility Criteria: 
For businesses applying in 2006, the investment criteria for projects receiving property tax incentives are as follows: For Tier 4, at least $10 million and hiring 100 new employees. For Tier 4 projects, the required average wage of employees must be at least $18,905. Projects in Tier 4 must satisfy investment criteria within 7 years. If investment criteria are satisfied within this time, projects are eligible to receive the program benefits.
Local Government Actions: 
No Actions
Eligible Property Type: 
Other
Description of Eligible Property Type: 
Projects meeting the investment and job criteria are eligible for a personal property tax exemption on turbine-powered aircraft, mainframe business computers, agricultural product processing machinery and personal property used in a distribution facility.
Record ID: 
NE002_ED06
Source State Statutes: 
Neb. Rev. Stat. § 77-5701 ~ § 77-5735 (in effect for 2006)
Footnote: 
Businesses may also qualify for a refund of sales and use taxes, an investment credit, and a compensation credit if they meet wage, investment, and employment criteria.
Data Collection Notes: 
CAT05 2021/10/27 LA OLD: n/a NEW: the record was reworked to show only the requirements for and the type of property tax relief 03/16/12- ES- Other tiers are not related to property tax. Check with state contact of taxes to which program applies.

Revision Type: 

Revision By: 
Matt
Revision Notes: 
10/27/21 LA CAT05 6/8/10-MD-New program found in statute relating to tier 4 projects 03/16/12- ES verified

Disabled Veteran Homestead Property Tax Exclusion

State: 

Year: 

Record ID: 
IA105_RR06
Variations in Receipt of Benefit : 
No Variation in Receipt of Benefits
Benefit Type: 
Credit
Benefit: 
Qualified disabled veterans are allowed a homestead credit for the full amount of property taxes levied on the homestead.
Eligible Property Type: 
Residential
Characteristics of Eligible Property: 
The property must by the owner's principal homestead.
Eligibility Criteria: 
Disability
Income Ceiling
Principal Residence
Veteran
Description of Eligibility Criteria: 
Disabled veterans must a have permanent service-connected disability rating of 100 percent. Veterans include members of US military forces. The previous year's annual income of the owner together with that of the owner's spouse cannot exceed $35,000. Eligibility for homestead program requires that the home is the residency and must live there for at least 6 months a year.
State Funding for Local Tax Loss: 
State reimburses all of the local government tax loss
Description of State Funding for Tax Loss: 
Local governments are reimbursed for the tax revenue reduction associated with the Disabled Veteran Tax Credit through the State’s Homestead Credit Fund.
Source State Statutes: 
Iowa Code §425.15 (in effect 2006)
Revision Notes: 

12/2/2020 cc backfilling
12/1/2020 cc found this program needs to go back all the way

Conservation Land

State: 

Year: 

Record ID: 
IL007_PA06
Eligible Land Uses: 
Conservation/Open Space
Method of Preferential Treatment : 
Different Assessment Ratios
Description of Method of Preferential Treatment: 
If land is registered in perpetuity under Illinois Natural Areas Preservation Act or encumbered by conservation rights, the portion of the lot, parcel, or tract of land that is registered or encumbered may be valued at 8-1/3% of its fair market value estimated as if it were not registered or encumbered. Improvements. Any improvements or dwellings that are on the land is valued at 33 1/3%. No new improvements are permitted, except to replace existing structures. In counties with population of more than 200,000 that classify property for taxation, such conservation land is valued at 25% of its fair market value as established by ordinance.
Is There a Penalty for Change of Use?: 
Yes
Description of Penalty: 
If the registration agreement or conservation right is released or amended, and the public benefit is diminished, the taxpayer must pay the county collector the difference between the taxes paid in the 10 preceding years or, if the reduced valuation has been in effect for less than 10 years, the difference between the taxes for the years the reduced valuation was in effect and the taxes for those years that would have been due without this reduced valuation, or both, with 10% interest. If the difference is not paid by the following 1 September, it shall be considered as delinquent taxes. If the taxpayer does not notify the chief county assessment officer within 30 days after the release or amendment of the conservation rights, the property shall be treated as omitted property.
Eligibility Criteria: 
Prerequisite Designation or Certification
Multi-Year Commitment
Other Eligibility Requirements
Plot/Land Size Criteria: 
None
Location Criteria: 
None
Income Production Criteria: 
None
Prerequisite Designation or Certification Criteria: 
The Department of Natural Resources must certify that the conservation right provides a public benefit. The benefit must in perpetuity protect at least one of the following: (1) regular public access to outdoor recreation or outdoor education; (2) habitat preservation for state or federal endangered or threatened species or federal candidate species; (3) land identified in the Illinois Natural Areas Inventory; (4) eligible land under the Illinois Natural Areas Preservation Act; (5) land contributing to the ecological viability of a park, conservation area, nature preserve, or other high quality native terrestrial or aquatic area that is publicly owned or otherwise protected; (6) land that conserves wildlife habitat or open space, restores or protects lakes and streams, or protects scenic areas.
Management Plan Criteria: 
None
Prior Years' Land Use Criteria: 
None
Multi-Year Commitment Criteria: 
Land must be registered under Illinois Natural Areas Preservation Act or encumbered by conservation rights in perpetuity. If the registration agreement or conservation right is released or amended, and the public benefit is diminished, the taxpayer must notify the chief county assessment officer within 30 days after the release or amendment.
Other Eligibility Requirements Criteria: 
Any land valued under for the Open Space Land program is not eligible to apply to this program.
Source State Statutes: 
35 Ill. Comp. Stat. § 200/10-166 ~ § 200/10-169 (in effect for 2006)
Footnote: 
The penalty does not apply if the registration agreement or conservation right is released, terminated, or extinguished: (1) due to an acquisition by eminent domain of the land, so long as the compensation for the conservation right is paid to the grantee; (2) in an involuntary judicial proceeding, provided that all of the proceeds from a sale, exchange, or involuntary conversion of the conservation right are paid to the grantee. The penalty also does not apply if the (3) the conservation right is released, terminated, or extinguished by the grantee without the consent of the property owner; and the property owner conveys or, in good faith and in cooperation with the Department of Natural Resources, attempts to convey a new conservation right that encumbers the same land and qualifies for reduced valuation within 12 months of the release, termination, or extinguishment of the prior conservation right.
Data Collection Notes: 
CAT02 2020/06/03 MT OLD: part of Open Space Record IL004 NEW: new record
Revision Notes: 

6/3/20 MT updated created new program, taking it out of the open space record

Local Option Abatement for the Poor

State: 

Year: 

Record ID: 
CT116_RR06
Variations in Receipt of Benefit : 
Other Variation in Receipt of Benefits
Benefit Type: 
Deferral
Benefit: 
Taxes and interest on delinquent taxes may be abated for those unable to pay them. Abatement may be extended to surviving family upon the death of the taxpayer.
How is Benefit Disbursed: 
Credit to the property tax bill
Eligible Property Type: 
Residential
Eligibility Criteria: 
Other Criteria
Description of Eligibility Criteria: 
Selectmen, mayor, or warden may abate the taxes of persons who are poor and unable to pay the taxes. A list of all persons whose taxes are abated the preceding year is to be presented at the community's annual meeting.
Local Option Regarding Program Features: 
Local option regarding program features
Description of Local Option Regarding Adoption or Program Features : 
The statute does not specify qualification for being poor.
Local Option in Adoption of Program : 
Local government must take action to opt out
Source State Statutes: 
Conn. Gen. Stat. §12-124 (in effect for 2006)
Source Publication: 
Office of Legislative Research Local Option Property Tax Relief Programs
[https://www.cga.ct.gov/2012/rpt/2012-R-0236.htm accessed 02/12/2020]
View Archived Source
Data Collection Notes: 
CAT03 2020/02/12 CC OLD: na NEW: added program
Revision Notes: 

2/12/2020 CC created record and all prior year records

Property Tax Abatement in Reinvestment Zones

State: 

Year: 

Application Process: 
Only initial application required
Geographic Requirements: 
Programs limited to designated geographic areas meeting specific criteria
Local Option in Adoption of Program: 
Local government must take action to opt in
Local Option Regarding Program Features : 
Yes
Description of Local Option Regarding Adoption or Program Features : 
The local governing body of a city or county must develop guidelines and rules for managing a reinvestment zone before adopting a resolution, which indicates that it intends to offer a tax abatement, and holding a public hearing. After the hearing, the local governing body may designate the reinvestment zone and enter into tax abatement agreements with eligible owners of real or personal property. Any taxing unit, except a school district, may grant an abatement within a reinvestment zone after holding a public hearing and adopting the agreement by majority vote. An area designated as an enterprise zone is automatically designated as a reinvestment zone.
Incentive Type: 
Exemption
Incentive Description: 
A tax abatement is an agreement between a taxpayer and a taxing unit that exempts all or part of the increase in the value of the real property and/or tangible personal property from taxation for up to 10 years.
Description of Eligibility Criteria: 
The local governing body may decide the eligibility criteria for the reinvestment zone. Other taxing units participating in the reinvestment zone may establish different eligibility criteria, however.
Local Government Actions: 
Public Notice
Local Public Hearing
Local Legislative Body Approval
Eligible Property Type: 
Commercial
Industrial
Residential
Description of Eligible Property Type: 
Eligible property includes residential, commercial, and industrial development.
Geographic Area Type: 
Other
Geographic Area Criteria: 
Designated Period
Condition of the Built Environment
Neighborhood Social and Health Conditions
Description of Geographic Area Criteria: 
A reinvestment zone exist for 5 years and can be renewed for additional 5-year periods. A reinvestment zone must be in an area that is in serious disrepair or in a development that is damaging, impedes the establishment of housing, creates an economic liability, or is a hazard to the public health, safety, morals or welfare.
Record ID: 
TX006_ED06
Source State Statutes: 
Tex. Tax Code § 312.001 ~ 312.403 (in effect for 2006)
Source Publication: 
Texas Comptroller of Public Accounts, Tax Abatements (2018)
[https://comptroller.texas.gov/economy/local/ch312/reporting.php Accessed 08/28/2019]
View Archived Source


Footnote: 
Tax abatements usually begin on 1 January of the year after they are signed. However, a city or county may set the abatement to take effect on 1 January of a following year.
Data Collection Notes: 
CAT03 2019/08/30 LA OLD: no record NEW: created record for program

Revision Type: 

Revision By: 
Dan
Revision Notes: 
8/30/19 LA CAT03 8/28/19 LA created record

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