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Tax increment financing: Quiz


Question 1: While some states, such as ________ and Illinois, have used TIF for decades, many others have only recently passed or amended state laws that allow them to use this tool.
Sacramento, CaliforniaLos AngelesSan Jose, CaliforniaCalifornia

Question 2: Tax Increment Financing, or TIF, is a public financing method which has been used for redevelopment and community improvement projects in many countries including the ________ for more than 50 years.
AlaskaCanadaPhilippinesUnited States

Question 3: As investment in an area increases, it is not uncommon for real-estate values to rise and for ________ to occur.
New York CityGentrificationRent controlSan Francisco

Question 4: 49 states and the ________ have enabled legislation for tax increment financing.
Washington, D.C.AtlantaPhoenix, ArizonaBoston

Question 5: With federal and state sources for redevelopment generally less available, TIF has become an often-used financing mechanism for ________.
Local administrative unitMunicipalityTownshipProvince

Question 6: The famous ________ Supreme Court case, where homes were condemned for a private development was about actions within a TIF district.
Sandra Day O'ConnorSupreme Court of the United StatesClarence ThomasKelo v. City of New London

Question 7: ________ is now the only state without a tax increment financing law.


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