Economic Development Incentives
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Summary of Economic Development Incentive Programs. Tax Increment Financing65ILCS, 511-74.4.1 et.seq. TIF is perhaps the best-known incentive available to communities in Illinois. When a community institutes a TIF district it freezes the existing Equalized Assessed Valuation for all taxing districts for the next twenty-three years or until the TIF dissolved. Any increase in the EAV and its resulting property tax are applied toward development of the district. Sales Tax Revenue Sharing. Municipalities m.CONTENT
This web page economicdevelopmentincentives.blogspot.com states the following, "Summary of Economic Development Incentive Programs." We saw that the webpage said " Tax Increment Financing65ILCS, 511-74." It also said " TIF is perhaps the best-known incentive available to communities in Illinois. When a community institutes a TIF district it freezes the existing Equalized Assessed Valuation for all taxing districts for the next twenty-three years or until the TIF dissolved. Any increase in the EAV and its resulting property tax are applied toward development of the district."SEEK SIMILAR DOMAINS
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