Bill
LB 164
Bill 5 SummaryMain Purpose and Intent:- LB 164, the Urban Development Incentive Act, supports revitalizing qualified census tracts across Nebraska by providing incentives to emergi
Main Purpose and Intent:
- LB 164, the Urban Development Incentive Act, supports revitalizing qualified census tracts across Nebraska by providing incentives to emerging developers for affordable commercial developments, sustainability initiatives, and job creation.
Key Provisions:
- Offers incentives to developers for affordable commercial projects, sustainability initiatives, and job creation in qualified census tracts.
- Aims to revitalize economically distressed urban areas.
Affected Parties:
- Emerging developers in Nebraska.
- Residents and businesses in qualified census tracts.
Procedural/Timeline Aspects:
- The bill has a notice of hearing scheduled for February 25, 2025.
Compiled from official sources — confirm details with the bill’s official record.
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