Illinois law allows units of local governments the ability to designate areas within their jurisdiction as TIF districts. These specially designated districts are used by local governments as a way to spur economic growth by dedicating the sales tax revenues and additional property tax revenues generated with in the TIF for improvements within the district with the hope of encouraging new economic development and jobs.
For more information please click on one of the links below.
TIF/Illinois Department Of Revenue
Illinois TIF Association
Or for further information please contact:
Illinois Department of Commerce
& Economic Opportunity
Bureau of Business Development
500 East Monroe,
Springfield, Illinois 62701