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