Go to previous versions
of
this Statute
2023 Nebraska Revised Statutes
Chapter 81 - State Administrative Departments
81-12,240 - Terms, defined.
Universal Citation: NE Code § 81-12,240 (2023)
81-12,240. Terms, defined.
For purposes of the Economic Recovery Act:
(1) Economic redevelopment area means an area in the State of Nebraska in which:
(a) The average rate of unemployment in the area during the period covered by the most recent federal decennial census or American Community Survey 5-Year Estimate by the United States Bureau of the Census is at least one hundred fifty percent of the average rate of unemployment in the state during the same period; and
(b) The average poverty rate in the area is twenty percent or more for the federal census tract in the area; and
(2) Qualified census tract means a qualified census tract as defined in 26 U.S.C. 42(d)(5)(B)(ii)(I), as such section existed on January 1, 2022.
Source
- Laws 2022, LB1024, § 3;
- Laws 2023, LB531, § 47.
- Operative Date: June 7, 2023
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
