(Des Moines) Greenfield Republican Representative Clel Baudler says the "Tax Increment Financing" reform bill is in the ways and means sub-committee and agrees the something needs to be done to stream line this bill. Baudler said, "There have been abuses in the past and our focus is to prevent further abuses, bring fairness to the issue, and bring transparency. So hopefully we can do that this session so we don't have abuses that we had in the past."
Lawmakers are reacting to a case in Coralville using "TIF" to lure a business away from Iowa City and lawmakers want to prevent this from happening in other communities.Lawmakers are working on more "sunshine" and more "sunsets" for TIFS. More "sunshine" in the way of public disclosure and "more sunsets" that would put definite dates to TIF agreements.
February 28, 2012