Download or read book Illinois Sales and Property Tax Increment Districts written by and published by . This book was released on 1988 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Illinois Sales Property Tax Increment Districts written by and published by . This book was released on 1987 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing written by Kent D. Redfield and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing written by and published by . This book was released on 1986 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Developer Incentives in Illinois Tax Increment Districts written by Illinois. Department of Commerce and Community Affairs and published by . This book was released on 1988 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Municipal Use of Tax Incentives for Economic Development written by and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing and Economic Development written by Craig L. Johnson and published by State University of New York Press. This book was released on 2001-04-19 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: A variety of policies, programs, and strategies have been designed to provide assistance, directly or indirectly, to businesses for the purpose of promoting economic development in a community. This book provides a comprehensive and detailed discussion of the uses, structures, and impacts of tax increment financing (TIF), one of the most widely used state and local economic development policies. Offering specific examples, cases, surveys, and empirical evidence, it addresses how TIF works, why TIF is adopted, and what impacts TIF has on local economic development.

Download or read book Tax Increment Financing in Mclean County Illinois written by Kenneth Oldfield and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments use tax increment financing (TIF) programs to restore blighted or deteriorated areas in a city's old downtown business district. TIFs are financed through bond sales. Monies derived from these sales are used to finance improvements within the TIF. Subsequent increases in property tax revenues collected due to these improvements are used, in whole or in part, to repay bondholders.Various sources have detailed how political incentives can influence the performance of property tax assessors in Illinois, such as why they might favor certain property owners over others. Two contradictory political motives can guide assessors' estimates of property values within TIFs. To ensure bond repayment, they might overvalue TIF properties. Otherwise, if tax proceeds were insufficient to meet debt service payments, non-TIF taxpayers would have to make up the difference. Conversely, assessors might undervalue TIF parcels because lowered real estate taxes will help present property owners and encourage others to locate in the district assuming they will also receive favorable treatment, thereby further raising the overall value of the parcels therein.This study tested whether assessing officials in McLean County Illinois gave special treatment to properties located within its six TIF districts. The analysis revealed this was not the case. Conversely, statistical tests revealed that McLean County officials had failed to meet uniformity standards promulgated by the International Association of Assessing Officers. This was true for properties both inside and outside the TIFs. The discussion concludes by noting the policy and research implications of these results.

Download or read book Sales Tax Issues in Illinois written by Illinois Economic and Fiscal Commission and published by . This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Increment Financing Handbook written by and published by . This book was released on 1998 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes guidelines and case studies.

Download or read book Report to the Illinois General Assembly on Property Tax written by Illinois Economic and Fiscal Commission and published by . This book was released on 1997 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is intended to provide a thorough analysis of the property tax in Illinois. It contains information regarding the history of the property tax, an in depth look at the revenues raised by the property tax in Illinois, and a step by step discussion of the property tax cycle. Since property taxes remain a perennial concern of Illinois citizens and lawmakers, it is the Commission's goal to provide information that will be of some assistance in the determinations of the future role of the Illinois property tax.

Download or read book State Tax Incentives for Illinois Businesses written by and published by . This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Illinois Property Tax Statistics written by and published by . This book was released on 1998 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Administration and Finance of Illinois Counties written by Norman Walzer and published by . This book was released on 1990 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Hearing on the Business Climate in Illinois written by Illinois Economic and Fiscal Commission and published by . This book was released on 1978 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Illinois Property Tax System written by Illinois. Department of Revenue and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Improving Tax Increment Financing TIF for Economic Development written by David Merriman and published by . This book was released on 2018-09-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economist David Merriman of the University of Illinois at Chicago reviews more than 30 individual studies in the most comprehensive assessment of tax increment financing (TIF) with practical recommendations for policy makers and practitioners. The report finds that while TIF has the potential to draw investment into neglected places, it has not accomplished the goal of promoting economic development in most cases. First implemented in the 1950s, TIF funds economic development within a defined district by earmarking increases in future property tax revenues that result from increases in real estate values in the district. The tax revenue can be used for public infrastructure or to compensate private developers for their investments, but TIF is prone to several pitfalls: it often captures some revenues that would have been generated through normal appreciation in property values, it can be exploited by cities to obtain revenues that would otherwise go to overlying government entities such as school districts, and it can make cities' financial decisions less transparent by separating them from the normal budget process. The report recommends several ways that state and local policy makers can reform TIF practices going forward.