News & Analysis as of

Tax Increment Financing

Bricker Graydon LLP

Last Call for Non-School Incentive District TIFs

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With Fall almost upon us, the window of opportunity is rapidly closing for Ohio municipalities to establish non-school tax increment financing (TIF) incentive districts before year’s end. This timeline only impacts the...more

Brownstein Hyatt Farber Schreck

Unlocking Tax Increment Finance for Counties via County Revitalization Authorities

Counties in Colorado may soon have a new way to take advantage of tax increment financing (“TIF”). Currently, there are only two ways to leverage TIF in Colorado: establishment of an urban renewal authority (“URA”) or...more

Bricker Graydon LLP

IRS (Incentive Review Season) Filing Period Now Open in Ohio - Submit Your Incentive Project Reports by March 31, 2024 to Remain...

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The annual ‘IRS’ filing period is in full swing in Ohio--not only for federal income tax, but also for Ohio’s real property tax incentive programs. Yes, it’s Incentive Review Season for Ohio’s political subdivisions...more

Bilzin Sumberg

A Brief Introduction to Tax Increment Financing

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Tax Increment Financing (TIF) is a financing tool used by local governments to fund economic development projects. In Florida, TIF is most commonly associated with Community Redevelopment Agencies (CRAs), which have statutory...more

Katten Muchin Rosenman LLP

Five Things of Note From This Year's TIF Conference in Chicago

The Illinois Tax Increment Association held its fall conference at the end of September in Chicago. Always a great chance to gather with and learn from attorneys, financial advisors, lenders, developers, urban planners and...more

Bricker Graydon LLP

Intensive Care for Hospital Finances: Economic Development Tools

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Like many industries across the nation, Ohio’s hospitals are experiencing tight margins, rising costs, and increased demands for medical services. In Ohio, local governments have the power to administer economic...more

Warner Norcross + Judd

New Brownfield Redevelopment Law Amendments in Michigan

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On July 18, 2023, Governor Gretchen Whitmer signed a series of bills that will dramatically update the state’s brownfield redevelopment laws to allow the use of tax increment financing for housing projects on brownfield sites...more

Kohrman Jackson & Krantz LLP

Ohio House Bill 501 Expands the Possibilities for Townships Use of TIF and PILOT Incentives

Recently enacted Ohio House Bill 501 (HB 501) expands options for townships desiring to create a tax increment financing (TIF) incentives agreement. Under the HB 501, a township may create a TIF and use payments in lieu of...more

Burr & Forman

New Tennessee Brownfield Legislation May Open Opportunities

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Tennessee’s new Brownfield legislation proposed by Governor Bill Lee provides significant incentives for acquisition of contaminated property. The legislation envisions three new areas of concentration for brownfield...more

Gould + Ratner LLP

Bringing Manufacturing Back: Tips for Planning a Successful Factory Construction

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If you think that there is a lot of talk about new factory construction in the United States in recent months, you are correct. Ryan Beene, a writer for Bloomberg News, noted last year that some in financial circles had...more

Husch Blackwell LLP

City of St. Louis Issues Draft Incentives Framework

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After months of analysis, the St. Louis Development Corporation (SLDC) recently published its long-awaited Summary of Incentives Analysis and Draft Future Incentives Framework (the Framework)....more

Franczek P.C.

September 30th Deadline for Submitting TIF District Student Reimbursement Claims Approaching

Franczek P.C. on

September 30th is the final date for school districts to submit a claim for reimbursement to their local municipalities for students residing in local tax increment financing (TIF) districts.  Under the Tax Increment...more

Bricker Graydon LLP

Ohio Supreme Court denies Village of Obetz attempt to reinstate expired TIF exemption

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A recent decision by the Ohio Supreme Court addressed whether a municipality can retroactively reinstate an expired TIF exemption by amending the legislation that authorized the original exemption. The case arose from a TIF...more

Bricker Graydon LLP

Ohio Senate Committee chefs baking economic development morsels into their version of the state budget bill

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On June 1, 2021, the Ohio Senate Finance Committee released its version of the state’s biennial operating budget (HB 110), which must be signed into law by June 30, 2021. As often happens, there are millions of dollars in...more

Davis Wright Tremaine LLP

Washington State's Expanded TIF Authority Creates Powerful Catalyst for Public-Private Partnerships

On May 10, 2021, Governor Jay Inslee signed ESHB 1189 (TIF for Jobs bill), completing a bipartisan legislative effort to grant new powers of Tax-Increment Financing (TIF) to the state's cities, counties, and port districts....more

Snell & Wilmer

State of Washington Adopts Tax Increment Financing—What Governments and Developers Should Know

Snell & Wilmer on

After years of discussion, the State of Washington has finally adopted a comprehensive tax increment financing law permitting local governments to create “increment areas” and use tax increment financing to fund public...more

Schwabe, Williamson & Wyatt PC

Tax Increment Financing Comes to Washington

Washington communities have a new tool to drive economic development: tax increment financing. Sometimes called “TIF,” this funding method allows local governments to self-finance public improvements that encourage...more

Bricker Graydon LLP

[Webinar] Developing Property for Economic Growth - September 9th, 9:00 am - 11:00 am EST

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Bricker & Eckler attorneys, with special guest Thomas Winston, President & CEO, Toledo-Lucas County Port Authority, invite you to attend a virtual presentation that will walk you through the process of developing public or...more

Franczek P.C.

Illinois Appellate Court Defeats TIF District for Lack of Parcel Contiguity and City’s ‘Casual Approach’ to Procedural Obligations

Franczek P.C. on

Last Friday the Illinois Appellate Court for the Third District shot down a tax increment financing (TIF) district created by the City of Crest Hill finding that the parcels within the proposed TIF area were not contiguous...more

Bricker Graydon LLP

[Webinar] Wednesday Webinar: Tax Abatements – What School Districts Need to Know (Pre-K to 12) - August 12th, 12:00 pm - 1:00 pm...

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As a school official, have you ever wondered, “what do I do with this CRA tax abatement notice from the city?” There are certain quantitative and legal analysis points that school districts should consider when being...more

Bricker Graydon LLP

Little-noticed change to TIF law allows municipalities and townships to redirect up to 25 percent of their TIF funds to public...

Bricker Graydon LLP on

This month, the Ohio General Assembly fast-tracked a school construction finance measure as a mini-capital appropriations bill. Amended Senate Bill (Am. SB) 4 was signed into law by Governor DeWine on July 24, 2020, after the...more

Best Best & Krieger LLP

Post-Redevelopment Distribution of Tax Increments Clarified

California Appellate Court Provides Guidance - Passthrough payments negotiated prior to the dissolution of redevelopment agencies must be paid in full before remaining tax increments are distributed. ...more

Downs Rachlin Martin PLLC

Vermont Legislative Update 02-28-2020 - An analysis from DRM's Government & Public Affairs Team

Renewable bill would raise rates by up to 10 percent per year - The Senate Finance and Natural Resources and Energy committees took testimony this week on S.267, a bill to increase to 100 percent the renewable energy...more

Bricker Graydon LLP

Calling all economic developers: Large TIFs may be eligible for a one-time extension opportunity

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In the fall of 2019, the Ohio General Assembly significantly changed state law governing tax increment financing (TIF) exemptions. For certain TIF projects, local communities can extend the exemptions – and, therefore,...more

White & Case LLP

UK Infrastructure – Spring growth at the grassroots?

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Uncertainty remains over the infrastructure aspirations of the UK central government. As part of a series of articles on infrastructure, Caroline Miller Smith, Partner at White & Case, London, considers whether there might be...more

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