Omaha city council approves "occupation tax"

Omaha city council approves "occupation tax"
Posted at 12:09 PM, Apr 25, 2017
and last updated 2017-04-25 19:15:59-04

The Omaha city council votes 6-1 to enact an occupation tax for developers who want help funding construction projects. 

Assistant city attorney Jennifer Taylor said the 'enhanced employment area' is a way to help pay back the initial funding of the developments. 

"Can be used for pedestrian spaces, public plazas, parking facilities they are allowed to use it for marketing so it's intended to be used for developments that are of significant size as well. So they need to have a multi-million dollar investment and create a significant amount of jobs before you can utilize this tool," explained Taylor. 
The project would have to employ at least 30 people and be worth more than $3-million dollars according to Taylor. 

The city council will have the final say on the size and scope of the occupation tax area and tax rate. Each individual project will have to come before the city council separately for the occupation tax approval.

Taylor said the individual businesses could either eat the cost of the tax or pass it on to the consumer. 

Lincoln and Gretna have both used the occupation tax for different developments. 

The public hearing on the measure was on April 18th. 

To read the ordinance click here: