Tax Increment Financing (“TIF”) Bonds

Bonds are special obligations secured by incremental increases in Tax revenues paid by users of developed property or by general increases in taxable values within a designated tax increment area. The Taxes involved are usually Ad Valorem Property Tax, although some states may permit the use of sales taxes or hotel occupancy taxes. State laws specify the mechanism and process for the implementation of Tax Increment Financing.

See Also

Ad Valorem Taxes

A tax based on the assessed value of an item, such as real estate or personal property.

Hudson Yards Rail Yards

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Term of the Week

Securities Act of 1933

Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.