Tax Increment Financing: History, Basics, Issues, and Evolution

Authors

  • Richard Wagner Rockhurst University

DOI:

https://doi.org/10.33423/jabe.v20i9.226

Keywords:

Business, Economics, Finance, Taxation

Abstract

As municipal governments seek to maintain an urban center, many tools and incentives are used. One of these is tax increment financing. This development tool has the potential to provide tax-base neutral funding for areas in blight, potentially blighted, or with the potential to be economically and socially active. As municipal government officials, business leaders, and active citizens engage in civic discussion regarding economic development tools, it is important to understand the history, terminology, pitfalls, and current legislative trends. This paper provides an overview of the institutional history, basic functioning, debates, and current evolution of tax increment financing.

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Published

2018-12-30

How to Cite

Wagner, R. (2018). Tax Increment Financing: History, Basics, Issues, and Evolution. Journal of Applied Business and Economics, 20(9). https://doi.org/10.33423/jabe.v20i9.226

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Section

Articles