Staff warns state tax/TIF changes will require analysis; some provisions may extend residential TIF terms
Carmel redevelopment staff said recent state tax changes affecting TIF will require modeling; they reported both negative impacts for multifamily and for‑sale properties and one apparent benefit, that residential TIFs can last 25 years (up from 20) and are no longer limited by story count.
The full story
Commission staff told the Carmel Redevelopment Commission that recent state legislative tax changes will affect tax increment financing (TIF) and that the city is modeling those impacts.
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