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Tax Increment Reinvestment Zone (Tax Increment Financing District)
A tool that local governments can use to publicly finance needed improvements to infrastructure and buildings within a designated area known as a reinvestment zone. The cost of improvements to the Tax Increments Reinvestment Zone is repaid by the future tax revenues of each taxing unity that levies taxes against the property.
A local agreement between a taxpayer and a taxing unity that exempts all or part of the increase in the value of the real property and/or tangible personal property from taxation for a period not to exceed 10 years.
Chapter 380 Agreements
Allow municipalities and counties to offer grants and loans for economic development or a variety of other economic incentives.