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Urban Planning & Development Tax Increment Financing

Bilzin Sumberg

Proposed Bill Would Impact Economic Development Efforts within CRAs

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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

Bricker Graydon LLP

Last Call for Non-School Incentive District TIFs

Bricker Graydon LLP on

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

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

Burr & Forman

New Tennessee Brownfield Legislation May Open Opportunities

Burr & Forman on

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

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

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

Miller Canfield

Recodified Tax Increment Financing Act

Miller Canfield on

The Recodified Tax Increment Financing Act, 2018 PA 57 (the “Act”), was signed into law on March 15, 2018 to take effect on January 1, 2019. The Act consolidates the legislative authority to create and operate tax increment...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

Miller Canfield

New Law Consolidates Tax Increment Authorities, Imposes New Reporting Requirements

Miller Canfield on

Tax increment authorities and municipalities face new transparency and reporting requirements under a recently signed law. The Recodified Tax Increment Financing Act, 2018 PA 57 (“Act 57”) was signed by Gov. Rick Snyder on...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

District Court Invalidates Wheat Ridge Anti-TIF Initiative

On September 8, 2017, a Jefferson County District Court ("Court") essentially struck down Ballot Question 300 (“BQ300”), approved by the Wheat Ridge ("the City") voters on November 3, 2015. The ballot question was an...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

Miller Canfield

Michigan Governor Signs Law Excluding Library Taxes from Capture by Tax Increment Financing Entities

Miller Canfield on

On Jan. 9, 2017, Michigan Governor Snyder signed into law a package of bills, all with immediate effect, that would exempt certain taxes levied for library purposes from being captured by tax increment financing authorities,...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 Finance (TIF) Update

The 2016 Colorado General Assembly convened on Jan. 13, 2016, and, as with years past, tax increment will be on the agenda. This client update highlights three issues affecting tax increment financing that are likely to occur...more

Franczek P.C.

Appellate Court Upholds TIF District Levy and Collection of Taxes

Franczek P.C. on

The Illinois Appellate Court recently upheld the actions of a city council in its establishment and implementation of a TIF district (Devyn Corp. v. City of Bloomington). In this case, the Court addressed the adequacy of a...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

Butler Snow LLP

House Bill 15-1348-Urban Renewal – Frequently Asked Questions

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H.B. 15-1348 was signed by the Governor on May 29. The bill enacts several changes related to urban renewal authorities and tax increment financing for such authorities including governance changes and changes related to how...more

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