News & Analysis as of

Real Estate Development Tax Increment Financing

Bilzin Sumberg

Proposed Bill Would Impact Economic Development Efforts within CRAs

Bilzin Sumberg on

The Community Redevelopment Act of 1969 authorizes counties and municipalities to create CRAs as a means for redeveloping slums and blighted areas in the community. Once created, CRAs adopt a Community Redevelopment Plan...more

Cozen O'Connor

Cozen Cities - October 9, 2024

Cozen O'Connor on

LOS ANGELES — L.A. Metro Testing AI Weapons Detection System- L.A. Metro is considering implementing a weapons detections system being tested in Chicago that uses existing security cameras to scan the transit passengers...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...

Bricker Graydon LLP on

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

Bilzin Sumberg on

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

Bricker Graydon LLP

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

Bricker Graydon LLP on

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

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

Bricker Graydon LLP on

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

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

Bricker Graydon LLP

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

Bricker Graydon LLP on

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

Brownstein Hyatt Farber Schreck

When Are Tax Increment Revenues Federally Taxable?

Tax increment financing (“TIF”) has had a long and effective history in Colorado. In many cities and towns throughout Colorado, TIF has successfully been used to help remediate environmental issues and spur development in...more

Best Best & Krieger LLP

AB 2035: New Tax Increment Financing For Shelters And Affordable Housing - California Lawmakers Continue To Address Housing Crisis

Local affordable housing authorities in California will see their oversight enhanced with the passage of AB 2035, signed Friday by Gov. Jerry Brown....more

Best Best & Krieger LLP

Federal Infrastructure Outline Released - Details Local Agencies Need are Included

Today, the White House released a legislative outline that, for the first time, provides details on the $1.5 trillion infrastructure package discussed by President Trump in recent weeks. ...more

Nossaman LLP

White House Releases Roadmap for Nation’s Infrastructure; Congress Takes the Wheel

Nossaman LLP on

The White House released its long-awaited infrastructure proposal to Congress this morning, along with the President’s fiscal year 2019 budget proposal. While elements have been hinted at and leaked before, the 55-page...more

Bilzin Sumberg

New Funding Source for Mass Transit under the SMART Plan

Bilzin Sumberg on

We have previously written about the need for new funding solutions for public transportation, including mechanisms that capture the added value of mass transit on adjacent properties. ...more

Brownstein Hyatt Farber Schreck

Urban Renewal Applicability Bill Provides Certainty to Urban Renewal Community; Plus Two Other Urban Renewal Bills

On Friday, March 31, more than a year of ongoing discussions and negotiations among urban renewal stakeholders came to fruition with the introduction by Colorado State Sens. Rachel Zenziger (D – Arvada) and Beth Martinez...more

Womble Bond Dickinson

What's an 18 hour city?

Womble Bond Dickinson on

Ely Portillo, of the Charlotte Observer, brings us all up to speed on defining commonly thrown about real estate development jargon. Low-rise? Mid-rise? Mixed-use? Your guide to jargon in a city of cranes....more

Brownstein Hyatt Farber Schreck

Tax Increment Finance (TIF) Update: HB 15-1348 Technical Corrections Bill Introduced

Last year’s HB 15-1348 created consternation among the lending community—and thus, in the private sector developer community—due to the uncertainty of whether and how the legislation could affect urban renewal plans and...more

Brownstein Hyatt Farber Schreck

Tax Increment Financing Implementation Changes Coming Soon

As many of you who are involved in developing projects in urban renewal or downtown development areas know, the principal method for financing such projects is tax increment financing (TIF). Tax increment financing is...more

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