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Can TAD funding be used in conjunction with other economic development incentives?

April 26, 2017conjunction Development Economic funding incentives TAD Used

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Can TAD funding be used in conjunction with other economic development incentives?

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TAD funds are generated by growth in property taxes, so any program that freezes or abates property taxes, such as the Urban Enterprise Zone or the State Property Tax Freeze, is not compatible with the TAD program. Incentive programs involving income tax credits or deductions or tax-exempt bonds can be layered with TAD funds.