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.

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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

Section 18-2113 of the Act, further requires the Authority conduct a cost benefit analysis of the plan amendment in the event that Tax Increment Financing will be used.
The DDA will designate 25% of the Tax Increment Financing (TIF) generated by City taxes to be used for replacement of streetscape infrastructure assets within the DDA.
The Property is situated within the City of Burlington’s Waterfront Tax Increment Financing District (the “Waterfront TIF District”), within which the City is authorized to invest public funds to construct or acquire infrastructure improvements that facilitate private investment, all in accordance with applicable laws and regulations and following approval by the Vermont Economic Progress Council, by the Burlington City Council and with the support of the voters via a public referendum.
This Agreement and the Tax Increment Financing Exemption provided for hereunder shall apply only to the Property.
The division of the City’s Neighborhood & Housing Services (or successor) Department responsible for the management of the City's Tax Increment Financing Program.

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

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 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 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. C. Owner shall have the right to require Management Company to establish an escrow account (with either any Qualified Lender or another entity reasonably acceptable to both Owner and Management Company) from which Impositions will be paid. Payments into such escrow account will be Deductions. Any interest which accrues on amounts deposited in such escrow account shall be added to the balance in such escrow account and used to pay Impositions.

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 tax increment allocation financing as provided pursuant to the Act. “Taxing Districts,” any political subdivision of this state having the power to levy taxes on sales or property in the Redevelopment Area. “TIF Revenue,” Payments in Lieu of Taxes and Economic Activity Taxes and all interest earned on funds deposited in the Special Allocation Fund.