Revenue Ruling 99-09-3
All Nebraska Taxes
ADJUSTMENTS TO MUNICIPAL EQUALIZATION FUND
STATE AID CALCULATIONS
Issue:
When can the Auditor of Public Accounts (Auditor) change the certification of bond and nonbond tax request amounts for inclusion in the calculation of Municipal Equalization Fund (MEF) state aid?
Conclusion:
The Auditor must make any changes in the certification of bond and nonbond tax request amounts for use in calculating MEF state aid no later than June 1.
Analysis:
The Nebraska Department of Revenue (Department) is required to calculate state aid under Neb. Rev. Stat. § 77-27,139.03. The Department is required to use bond and nonbond tax request amounts certified by the Auditor.
In recent years, there have been several errors in the numbers reported by municipalities to the Auditor on which the certifications are based. To allow municipalities to correct their errors, and still allow them sufficient time to prepare their budgets, the following procedure will be used:
APPROVED:
Douglas A. Ewald
Tax Commissioner
June 30, 2009