Value Capture: Primer on Tax Increment Financing

June 2021

CONTENTS

FIGURES

TABLE

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11. Appendix

11.1 State Enabling Legislation

Forty-nine States and the District of Columbia already authorize TIFs. Links to each State's actual enabling legislation can be found on the FHWA website at https://www.fhwa.dot.gov/ipd/value_capture/legislation/tax_increment_financing.aspx.

11.2 Local Implementing Ordinances

Local implementing ordinances will conform to requirements established in the State's enabling legislation. Given the numerous differences among State statutes, any model implementing ordinance would either be incomplete, misleading, or both. However, as one example, the City of St. Louis, Missouri, has passed multiple ordinances creating TIF districts known as "redevelopment areas."111 The State of Missouri's enabling legislation, the Real Property Tax Increment Allocation Redevelopment Act, is codified in sections 99.800 through 99.865 of the Revised Statutes of Missouri.112

11.3 Case Studies

Section 8 of this primer provides information on the following TIF case studies:

  • Texas Transportation Reinvestment Zones

  • Illinois Route 53/120 (proposed)

  • Atlanta BeltLine

  • Denver Union Station Improvements

Footnotes

111 One example of a St. Louis implementing ordinance is Ordinance 68092 (June 27, 2008), which created the South Carondelet District #3 Redevelopment Area, https://www.stlouis-mo.gov/government/city-laws/ordinances/ordinance.cfm?ord=68092.

112 Real Property Tax Increment Allocation Redevelopment Act, Revised Statutes of Missouri, sections 99.800–99.865, http://revisor.mo.gov/main/OneSection.aspx?section=99.800.


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