Tax Increment Financing Trends in Southern Maine缅因州南部税收增加融资趋势.pdfVIP

University of Southern Maine Digital Commons@USM Muskie School Capstones Student Scholarship 7-2013 Tax Increment Financing Trends in Southern Maine 2001-2011 Kevin Price Follow this and a itional works at : http:// /muskie_capstones Part of the Finance and Financial Management Commons, Public Affairs, Public Policy an Public Administration Commons, and the Tax ation Commons Recommended Citation Price, Kevin, Tax Increment Financing Tren s in Southern Maine 2001-2011 (2013). Muskie School Capstones. Paper 21. This Capstone is brought to you for free and open access by the Student Scholarship at Digital Commons@USM. It has been accepted for inclusion in Muskie School Capstones by an authorized administrator of Digital Commons@USM. For more information, please contact ian.fowler@. Tax Increment Financing Trends in Southern Maine 2001-2011 Kevin Price PPM 699 July 7, 2013 Price 2 I. Introduction Tax Increment Financing (TIF) is an economic development tool authorized for use in 49 states and the District of Columbia. Arizona is the only state that has not passed statue allowing for TIFs. The use of Tax Increment Financing as a tool is also known by many other names including: Revenue Allotment Area, Tax Increment Reinvestment Zone, and Project Development Financing, Maine authorized the use of TIFs in 1977 and refers to the tool as Municipal Tax Increment Finance.1 California was the first state to authorize the use of TIFs beginning in 1950, with the majority of states adopting TIF policies by the late 1980s. TIFs are a very popular economic development tool that allow for a low-cost way to fund development projects. A TIF is designed to turn an undesirable or