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Are Property Tax Rebates Under the NRA Program 1099 Reportable?
June 2, 2025
Q. I work for local government, and we have a program called the Neighborhood Revitalization Act or NRA. This is a property tax rebate program for residential and/or commercial properties located within a designated area. The NRA rebate applies only to an increased increment in property taxes. The property owner pays their entire property tax bill; a rebate check is later issued for the appropriate amount. The NRA rebate will return 90% of the increase on residential properties and 80% for…
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