Baker Tilly previews June 15 TIF pass-through decision; warns of state law changes
Baker Tilly told the Plainfield RDC it must decide by June 15 how much incremental assessed value to release to overlapping taxing units; the consultant outlined a 2024 phase-out strategy and said Senate Enrolled Act 1 will reduce future TIF capture for apartments and senior living.
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Emma Adlam of Baker Tilly gave a preparatory briefing on the annual pass-through determination the commission must make by June 15. Adlam outlined the process: the commission must decide its pass-through level, sign pass-through letters, mail them to overlapping taxing units and post them on the DLGF gateway, and warned that missing the deadline would trigger an automatic 5% pass-through by the county auditor.
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