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What qualifies to be paid from taxes on the increment value?

April 26, 2017Increment paid qualifies taxes value

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What qualifies to be paid from taxes on the increment value?

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• TIF tax revenues are used to repay debt incurred for qualifying urban renewal projects within a TIF Area. Projects are for the purposes and activities listed in Code of Iowa Sections 403.6 or 403.12 and should also be included in city’s urban renewal plan. TIF debt for an urban renewal project can take the form of rebate agreements, internal loans, general obligation bonds, or TIF revenue bonds.