Tax increment financing zones encourage economic, Ask an Expert

Economics

Tax Increment Financing zones encourage economic development by:

a. reducing or eliminating state or local taxes paid by businesses locating in the the zone.

b. reserving taxes generated by a new tax base in the zone for infrastructure or other public servies within the zone.

c. cutting the interest rate on private debt issued on business investment increments in the zone.

d. providing financing to help pay additional taxes when business expands in an impacted area.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91869906

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