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Form Publication 915 online Miramar Florida: What You Should Know
The City of Miramar, Florida is named a Tax Increment Financing (TIF) district and will receive tax increment financing (TIF) and economic development assistance if it meets the TIF requirement and the project has been identified as a recipient of an appropriate program. The City will also be eligible for economic development assistance from the U.S. Small Business Administration and the General Services Administration. U.S. SBA. General Services Administration. Office of Economic Development. General Services Administration, Center for Neighborhood Technology, Federal Business Opportunities Program Office. Tax Increment Financing (TIF) districts receive tax increment financing for projects that serve the local population. Tax Increment Financing districts are funded from an initial public borrowing of state or local tax dollars to acquire or build tangible capital assets in urban areas. These assets are sold for up to 20 years at a fixed price to a local entity and then resold to local entities the following year. The City receives all the proceeds of the sale of the assets. The proceeds from the sale of the assets are reinvested in the area where the project is located. Once the City establishes a tax increment financing district, which requires a tax increase to be passed, the area where the project will be located receives the increased revenue collected within the Tax Increment Financing District. You may find the information below helpful to develop your TIF application. The links are to official publications of the City and are updated periodically. Tax Increment Financing Publication TIF Planning Guide: Project Requirements The City provides the following to the project's developer including: 1. Development agreements for public entities, which are available for download at 2. Land Use and Development Agreements (Lucas) at 3. The approved master development plan including estimated tax rate, land use, and redevelopment plans for the City (available at) 4. Planning Commission approved tax increment financing plan and TIF agreements at 5. All environmental documents and approved plans/studies needed for Environmental Impact Statements for the project at 6.
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