Tax Increment Financing and Missouri: An Overview of How TIF Impacts Local Jurisdictions

dc.contributor.authorByrne, Paul F.en_US
dc.dateApril 2011en_US
dc.description.abstractIn spite of TIF's [Tax increment financing] obvious importance to policy makers and developers, the general public and even many policy makers lack a fundamental understanding of TIF and how its use impacts local economies. The goal of this policy study is to provide the general public and policy makers with a thorough and accessible understanding of the economics of TIF. The study will begin by presenting a basic model of how TIF finances development and how it can serve as an incentive for development. The paper will then discuss how TIF differs from other economic development incentives and how this difference can result in either a sharing of development costs among overlapping jurisdictions or the capturing of school district and county tax revenue by the municipality. Next the paper will discuss TIF's role in economic development and tax competition along with the importance of the shifting of economic activity and the but-for provision. The paper will follow with a review of the academic literature's empirical findings on TIF and will then provide an overview of TIF use in Missouri. Finally the study will offer some concluding remarks.en_US
dc.description.sponsorshipKaw Valley Banken_US
dc.identifier.otherSchool of Business Working Paper Series; No. 128en_US
dc.publisherWashburn University. School of Businessen_US
dc.subjectTax increment financingen_US
dc.subjectReal property and taxationen_US
dc.subjectEconomic developmenten_US
dc.subjectLocal taxationen_US
dc.titleTax Increment Financing and Missouri: An Overview of How TIF Impacts Local Jurisdictionsen_US
dc.typeWorking paperen_US
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