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Questions and Answers
What is the primary function of the General Enhanced Employment Tax Incentive Committee?
What is the primary function of the General Enhanced Employment Tax Incentive Committee?
How many members are appointed to the General Enhanced Employment Tax Incentive Committee?
How many members are appointed to the General Enhanced Employment Tax Incentive Committee?
Who holds the ultimate oversight responsibility for the General Enhanced Employment Tax Incentive Committee?
Who holds the ultimate oversight responsibility for the General Enhanced Employment Tax Incentive Committee?
What is required before a project can receive funding from the General Enhanced Employment Tax?
What is required before a project can receive funding from the General Enhanced Employment Tax?
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When did the General Enhanced Employment Tax Incentive Committee become effective?
When did the General Enhanced Employment Tax Incentive Committee become effective?
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Study Notes
Executive Order: Establishment of General Enhanced Employment Tax (LB 562) Incentive Committee
- Purpose: The committee evaluates applications for using General Enhanced Employment Tax (LB 562) funds to support development projects.
- Policy: The City of Omaha reviews all incentive applications and commissions a committee to oversee General Enhanced Employment Tax funds.
- Committee Membership: The committee has five members: Mayor's Office representative, City Attorney, Planning Director, Finance Director, and Public Works Director.
- Effective Date: The committee begins operating upon signing the executive order.
- Oversight: The Mayor's Office will oversee and support the committee.
- Legal Basis: This order is based on Section 3.17 of the Omaha Home Rule Charter.
- Funding Source: General Enhanced Employment Tax (LB562)
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Description
Explore the establishment and purpose of the General Enhanced Employment Tax (LB 562) Incentive Committee formed by the City of Omaha. Learn about the committee's composition, oversight, and the legal basis for its formation. This overview provides insights into the evaluation process for development projects funded through LB 562.
