How long has TIF been around?

Tax Increment Financing was first used in California over half a century ago.

Over 20 years ago, the Illinois General Assembly passed the Illinois Tax Increment Allocation Redevelopment Act that brought this development tool to Illinois. Illinois was the 25th state to adopt this economic development mechanism.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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