FISCAL NOTE

LB 170 (2001)

PREPARED BY: Doug Nichols

DATE PREPARED: January 23, 2001

This bill makes changes to county board of equalization duties. It changes Tax Equalization and Review Commissioner's qualifications so that TERC commissioners are not required to have the same certification and training of county assessors. It changes appeal provisions and makes other changes under the TERC Act to achieve uniformity (market areas, etc.). The bill has the emergency clause.

EXPENDITURE IMPACT: The Tax Equalization and Review Commission states that section 3 of this bill will reduce agency expenditures by $5,000 per year. This section deletes the provision that requires TERC commissioners to have the same training and certification as county assessors. A bill passed in 1999 (LB 194) required continuing education for all county assessors, and this was the agency's estimate of what it would cost to comply with this law. As of this date, this amount is not in the agency's current budget.