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How can Tax Increment Financing be used for brownfield projects?

April 26, 2017brownfield financing Increment Projects tax Used

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How can Tax Increment Financing be used for brownfield projects?

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Tax Increment Financing (TIF) is one of the most widely used tax incentive programs available to local governments in Illinois. TIFs were authorized by Illinois statute and designed to promote economic development in depressed areas that would not otherwise receive investment.