Land Use & Zoning
Tax increment financing (TIF) in Missouri allows municipalities to:
AReduce taxes for wealthy developers only
BFinance redevelopment of blighted areas by capturing future tax revenue increases✓ Correct
COverride state zoning laws
DTransfer property taxes to neighboring counties
Explanation
TIF captures the increase in property tax revenues generated by development improvements in a designated redevelopment area and uses those funds to finance the development infrastructure.
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