Tax Increment Financing

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This is Article 4.1 of the Code of Virginia, titled “Tax Increment Financing.” It is part of Chapter 32 “Real Property Tax”, which is part of Subtitle III “Local Taxes”, which is part of Title 58.1 “Taxation”.

It’s comprised of the following 7 sections.

§ 58.1-3245 Definitions
§ 58.1-3245.1 Blighted areas constitute public danger
§ 58.1-3245.2 Tax increment financing
§ 58.1-3245.3 Copies of tax increment financing ordinance to local assessing officer and treasurer or director of finance
§ 58.1-3245.4 Issuance of obligations for project costs
§ 58.1-3245.4:1 No annual debt limits for certain cities
§ 58.1-3245.5 Dissolving the Tax Increment Financing Fund