Counties Need Security When Issuing TIFs
MACo Associate Director Barbara Zektick testified in support of Senate Bill 925, "Property Tax - Liability for Payment of Tax on Leased Property", before the Senate Budget and Taxation Committee on March 13, 2018. This bill allows for the attachment of tax liens in special circumstances where the government leases property for private development, and they utilize tax increment financing (TIF) bonds to finance the project or development. When businesses lease government property and perform…