Tax Increment Financing definition

Tax Increment Financing means any type of tax increment financing, including without limitation an Affordable Housing TIF, a development district and development program approved by a municipality or a tax increment financing district approved by the State’s Department of Economic and Community Development pursuant to 30-A M.R.S.A., Chapter 206, as may be amended.

Tax Increment Financing or similar financing whereby the municipality or other taxing authority has assisted in financing the construction of the Inn by temporarily reducing or abating normal Impositions in return for substantially higher levels of Impositions at later dates.

Tax Increment Financing means a method of creating investment incentives for private entities that is overseen by the Economic Assistance Coordinating Council. Tax Increment Financing may be used in a DIF District.

Examples of Tax Increment Financing in a sentence

• Tax Increment Financing revenues will be used to reimburse costs of eligible activities as permitted by the Xxxxxxxxxx Redevelopment Financing Act.

• City will pay directly to XXX those real estate taxes collected which are subject to the Tax Increment Financing District 32 until the loan obligation incurred at XXX by Red Rocks for purposes relating solely to the Tax Increment Financing District 32 are paid in full.

• The described PROPERTY is located in City of Xxxxxx Tax Increment Financing District No. 7 and is intended to be used by the DEVELOPER as part of an overall development project in the City of Milton.

• The PROPERTY is located along 3rd Street, in the City of Milton, County of Rock, State of Wisconsin 53563 (Tax Parcel 257 067005) and is contained within the CITY of Xxxxxx Tax Increment Financing District No. 7.

More Definitions of Tax Increment Financing

Tax Increment Financing or “TIF” means tax allocation financing described in Section 31‐25‐ 107(9) of the Act, as in effect on the date this Plan is approved by the City Council of the City. Tax Increment Financing shall be required for the full twenty-five-year period (the Duration) necessary to carry out all necessary activities and undertakings to complete the Urban Renewal Project.

Tax Increment Financing or “TIF” shall mean a public financing method that is used for subsidizing redevelopment, infrastructure, and other improvement projects through future tax revenues.

Tax Increment Financing means a development district and development program approved by a municipality or a tax increment financing district approved by the

Tax Increment Financing. (“TIF”) tax increment allocation financing as provided pursuant to the TIF Act.

Tax Increment Financing. A public financing tool that is used as a subsidy for redevelopment by diverting a portion of tax revenue to help finance development and incentivize private development for project areas within a county or municipal jurisdiction. Project areas are created by municipal/city redevelopment agencies through the adoption of an ordinance or resolution by the local governing body or city council.

Tax Increment Financing or “TIF” means tax allocation financing described in Section 31‐25‐ 107(9) of the Urban Renewal Law, as in effect on the date this Plan is approved by the Town Board. Unless this Plan is formally amended by the Town Board to provide otherwise, Tax Increment Financing shall be required for the full twenty-five year period required to carry out all the activities and undertakings necessary to complete the Urban Renewal Project.

Tax Increment Financing. Any Economic Incentive which provides partial payment for or reimbursement of any and all infrastructure improvements based upon incremental real estate tax value increases within a designated area and during a certain period of time with respect to all or any portion of the Land, whether for the benefit of Borrower or any Affiliate of Borrower, and whether now in existence of hereafter in effect.