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Contact Information:
Edward S. Kisscorni, CPA
290 Suncrest Court, SW
Grandville, MI 49418

Office: 616/233-0667
Cell: 616/443-6730
Fax: 616/233-0667

Blog: www.EdKisscorni.com/Blog1
Email: Ed@EdKisscorni.com
 



 



 

 Blog 
Friday, December 31 2010

Transit Oriented Development Added to Tax Increment Finance Authority Act

Public Act 245 2010, effective December 14, 2010 has amended the Tax Increment Finance Authority Act, which permits the capture of property tax revenue from incremental increases in property values, to include transit-oriented development and transit-oriented facilities in the activities allowed for economic development. 

"Transit-oriented development" means infrastructure improvements located within a half mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use. "Transit-oriented facility" means a facility that houses a transit station and that promotes transit ridership or passenger rail use.

 

Posted by: Ed kisscorni AT 09:40 am   |  Permalink   |  0 Comments  |  Email
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