Tax Increment Financing
Tax increment financing deserves special mention as a tool for development and redevelopment. Kutak Rock attorneys represent clients on a wide range of tax increment financing matters, ranging from the initiation of the TIF process through the drafting of state legislation authorizing tax increment financing, to the termination of tax increment districts following the completion of projects or the final payment of tax increment bonds. We assist clients with forming tax increment districts; negotiating and drafting redevelopment and public financing agreements related to the use of revenues created by the tax increment districts; issuing tax increment bonds; developing “pay-as-you-go” tax increment revenue disbursement alternatives; and merging tax increment financing with other financing tools for the same redevelopment area. Because tax increment projects frequently involve legal issues beyond public finance, our national real estate and bankruptcy lawyers provide additional skills for these projects.