Norris McLaughlin & Marcus, P.A.

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Municipal

Oct 24, 2013

The Pennsylvania Tax Increment Financing Act: An Analysis

Pennsylvania’s Tax Increment Financing Act (the “TIF Act”), 53 P.S. §6930.1 et seq., has recently generated some local controversy, prompting discussions to clarify misconceptions and to reexamine the law’s scope and purpose. Enacted in 1990, the TIF Act provides local municipalities with a tool to combat blight while simultaneously promoting economic development where a municipality does not have other available financial resources.» Read More

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