TIF
Post date: Jun 23, 2016 1:17:42 PM
Request by Jeffrey Thomas for discussion.
Note that there are 2 potential tools -- tax increment financing and special tax assessments. Can be used for a period of at least five years for incentives to relocating or expanding businesses.
Summary at http://www.mass.gov/hed/economic/eohed/bd/econ-development/eligibility/real-estate-incentives/
The Town has used Special Tax Assessments in the past - early 2000s for 1896 House.
Some additional guidance from Commonwealth on TIF and DIF (District Improvement Financing) - http://www.mass.gov/envir/smart_growth_toolkit/pages/mod-diftif.html