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
Ameren states it has investigated the potential for leveraging Tax Increment Financing (“TIF”) funds, but so far funding through redirection of TIF funds has not been successful.
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 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.
Tax Increment Financing means the special funding capacity of the Agency to issue bonds to fund redevelopment programs and then use Tax Increment to pay the principal of, and interest on, the loans, monies advanced to, or the indebtedness incurred by the Agency.