Concept information
Preferred term
tax increment financing
Definition
- Tax increment financing (TIF) has become the predominant device with which local governments in the U.S. finance economic development. With TIF, future increases in property taxes are earmarked to pay for development costs. [Source: The Encyclopedia of Housing; Tax Increment Financing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/tax_increment_financing
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