TAX-INCREMENT FINANCING

By SovConn | May 18, 2015

tax-increment financing.A technique used by a municipality to finance commercial developments usu. involving issuing bonds to finance land acquisition and other up-front costs, and then using the additional property taxes generated from the new development to service the debt. — Abbr. TIF. [Cases: Municipal Corporations 953.]
[Blacks Law 8th]

Posted in Law Dictionary Definitions