Tax Increment Finance (TIF) Update

Tax Increment Finance (TIF) Update

Jan 25, 2016

Client Alert

Brownstein Client Alert, January, 25, 2015

The 2016 Colorado General Assembly convened on Jan. 13, 2016, and, as with years past, tax increment will be on the agenda. This client update highlights three issues affecting tax increment financing that are likely to occur over the next several months. First, a bill will be introduced containing technical fixes to HB 15-1348 from the 2015 legislative session. Second, a bill will be introduced applying the principal provisions of HB 1348 to downtown development authorities (DDAs). And finally, changes will be adopted to the Assessor’s Reference Library (ARL) Chapter 12, which governs how county assessors throughout the state calculate tax increment.

All of these changes have the potential to significantly affect how the public and private sectors use tax increment to support redevelopment and infrastructure projects. This client alert provides a brief overview of each of these processes.

Click on above pdf to read entire article.

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