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- Tax_increment_financing abstract "Tax increment financing, or TIF, is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. Similar or related value capture strategies are used around the world. TIF is a method to use future gains in taxes to subsidize current improvements, which are projected to create the conditions for said gains. The completion of a public or private project often results in an increase in the value of surrounding real estate, which generates additional tax revenue. Sales-tax revenue may also increase, and jobs may be added, although these factors and their multipliers usually do not influence the structure of TIF.When an increase in site value and private investment generates an increase in tax revenues, it is the "tax increment." Tax Increment Financing dedicates tax increments within a certain defined district to finance the debt that is issued to pay for the project. TIF was designed to channel funding toward improvements in distressed, underdeveloped, or underutilized parts of a jurisdiction where development might otherwise not occur. TIF creates funding for public or private projects by borrowing against the future increase in these property-tax revenues. Although the TIF method has been discontinued in the state it began in, California, thousands of TIF districts still currently operate nationwide in the US, from small and mid-sized cities, to the State of California which will be paying off debt on old TIFs for years to come. As of 2008, California had over four hundred TIF districts with an aggregate of over $10 billion per year in revenues, over $28 billion of long-term debt, and over $674 billion of assessed land valuation. TIF began in California in 1952, but the state has currently discontinued the use of them due to a couple of lawsuits.With the exception of Arizona, every state and the District of Columbia has enabled legislation for tax increment financing. Some states, such as Illinois, have used TIF for decades, but others have only recently embraced TIF.Since the 1970s, the following factors have led local governments (cities, townships, etc.) to consider tax increment financing: lobbying by developers, a reduction in federal funding for redevelopment-related activities (including spending increases), restrictions on municipal bonds (which are tax-exempt bonds), the transfer of urban policy to local governments, State-imposed caps on municipal property tax collections, and State-imposed limits on the amounts and types of city expenditures. Considering these factors, many local governments have chosen TIF as a way to strengthen their tax bases, attract private investment, and increase economic activity.".
- Tax_increment_financing wikiPageExternalLink June97.
- Tax_increment_financing wikiPageExternalLink TaxIncrementFinancin.
- Tax_increment_financing wikiPageExternalLink tif.
- Tax_increment_financing wikiPageExternalLink contribution.asp?referrer=parent&backto=issue,6,12;journal,38,265;linkingpublicationresults,1:100403,1.
- Tax_increment_financing wikiPageExternalLink link.asp?id=pt1puwu8jtbc37uk.
- Tax_increment_financing wikiPageExternalLink 619.
- Tax_increment_financing wikiPageExternalLink 246.
- Tax_increment_financing wikiPageExternalLink rp-tif_2005.pdf.
- Tax_increment_financing wikiPageExternalLink ex-tif_2005.pdf.
- Tax_increment_financing wikiPageExternalLink rp-stumps.pdf.
- Tax_increment_financing wikiPageExternalLink paper_4094_N0138.pdf.
- Tax_increment_financing wikiPageExternalLink publication.asp?i=70.
- Tax_increment_financing wikiPageExternalLink TIF.pdf.
- Tax_increment_financing wikiPageExternalLink ScottBrendan.pdf?sequence=1.
- Tax_increment_financing wikiPageID "1280596".
- Tax_increment_financing wikiPageRevisionID "606429611".
- Tax_increment_financing hasPhotoCollection Tax_increment_financing.
- Tax_increment_financing subject Category:Government.
- Tax_increment_financing subject Category:Public_finance.
- Tax_increment_financing subject Category:Taxation.
- Tax_increment_financing comment "Tax increment financing, or TIF, is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. Similar or related value capture strategies are used around the world. TIF is a method to use future gains in taxes to subsidize current improvements, which are projected to create the conditions for said gains.".
- Tax_increment_financing label "Tax increment financing".
- Tax_increment_financing sameAs m.04pr01.
- Tax_increment_financing sameAs Q7689442.
- Tax_increment_financing sameAs Q7689442.
- Tax_increment_financing wasDerivedFrom Tax_increment_financing?oldid=606429611.
- Tax_increment_financing isPrimaryTopicOf Tax_increment_financing.