This Redevelopment and Tax Increment Financing Plan and Interlocal Agreement to Implement Plan is the implementation of a Plan through issuance of the Bonds and completion of a Redevelopment Project to have a beneficial financial impact on the City and County in that both will enjoy increased tax receipts from the Site when the Bonds are retired and will enjoy increased tax receipts from nearby properties whose development is influenced and induced by the Redevelopment Project. This Plan can be used in any state.
Utah Redevelopment and Tax Increment Financing Plan and Interlocal Agreement to Implement Plan
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Multi-State
Control #:
US-00250
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Word;
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Economic Development Tax Increment Financing (EDTIF) The EDTIF program offers a post-performance, refundable tax credit drawing on up to 30% of new state sales, and corporate income and employee personal income taxes for up to 20 years.
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