What does tax increment financing (TIF) mean?

Answer #374 -- ( Published 10/20/2005 08:36 AM | Updated 08/08/2012 10:01 AM )

What does tax increment financing (TIF) mean?

Tax increment financing (TIF) is a tool used by municipalities to promote economic growth and development by establishing districts in the community that have tax incentives tied to economic growth. See 65 ILCS 5/11-74.4-1 et seq.

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What does tax increment financing (TIF) mean?

What does tax increment financing (TIF) mean?

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