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The laws and regulations governing TIF formation and operations depend on State law and vary by State.37 Forty-nine States (all but Arizona) and the District of Columbia employ TIF tools.38 California eliminated TIFs in 2012, but the State re-instituted them under a different name with more limiting conditions on their use.39 Links to each State's actual enabling legislation can be found on the Federal Highway Administration (FHWA) website at https://www.fhwa.dot.gov/ipd/value_capture/legislation/ tax_increment_financing.aspx.
The Council of Development Finance Agencies also maintains a Tax Increment Finance Resource Center that provides State-specific information on TIF programs.40
37 Fullerton, Burdette Edward, II. 2017. The Effects of Tax Increment Financing on Assessed Land Values. University of Southern Mississippi. p. 5. https://aquila.usm.edu/cgi/viewcontent.cgi?article=2479&context=dissertations.
38 Merriman, David. 2018. Improving Tax Increment Financing (TIF) for Economic Development. Lincoln Institute of Land Policy. p. 4. https://www.lincolninst.edu/publications/policy-focus-reports/improving-tax-increment-financing-tif-economic-development.
39 Southern California Association of Governments. Enhanced Infrastructure Financing District (EIFD). https://scag.ca.gov/post/enhanced-infrastructure-financing-district-eifd.
40 Council of Development Finance Agencies. Tax Increment Finance Resource Center. https://www.cdfa.net/cdfa/cdfaweb.nsf/resourcecenters/tif.html.
