DES MOINES, Iowa (AP) — Iowa lawmakers considered changes Tuesday to an economic development tool used for decades in some cities and counties that critics have alleged is unfairly relocating jobs from one community to another.
Members of the Senate's Ways and Means Committee, which oversees tax policy, is considering whether to overhaul the tax increment financing system (TIF), in which future tax revenue is dedicated to infrastructure work.
Some lawmakers say the practice, established in 1969, has been crucial to redeveloping urban areas. Others argue it's being misused.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
