Office of Strategic Initiatives - an official NH Government website
Smaller text size Reset text size Larger text size
link to website translation page

Tax Increment Financing

Tax Increment Financing (TIF) is a method of financing public improvements with the incremental taxes created by new construction, expansion, or renovation of property within a defined area of the community.

Resources

  • Tax Increment Financing Technical Bulletin pdf file
  • RSA 162-K Municipal Economic Development And Revitalization Districts
  • Chapter 181 (HB803, 2004) - AN ACT relative to the establishment of municipal economic development and revitalization districts by municipalities [amends RSA 162-K:5 to liberalize the requirements relating to the establishment and expansion of tax increment financing districts, allowing greater use of TIF's by smaller communities.]
  • See the results of the Municipal Land Use Regulation Annual Survey for municipalities with Tax Increment Financing Districts.
  • Field of Dreams: How Tax Increment Financing Can Help Development Dreams Come True, New Hampshire Town and City, September/October, 2016
    Tax increment financing (TIF) is a public financing tool used to help spur economic development in areas that may otherwise be left to fallow in the wind. Introduced in California in the 1950’s, TIF has been used in most states across the county, including New Hampshire. While many TIF districts have seen distressed, blighted or abandoned areas turned into thriving neighborhoods or business centers, there is significant opportunity for failure if conservative principles and practices are not adhered to during the design, implementation and management of a TIF program, creating a costly, long-term financial burden on taxpayers. Ironically, and for these reasons, TIF is now discontinued in California - where it all began. However, here in New Hampshire, there are a number of TIF success stories, and, if best practices are followed, your municipality could successfully finance its economic development dreams.
  • Creation, Implementation, and Evaluation of Tax Increment Financing, Government Finance Officers Association (GFOA), February 2014
    Tax incremental financing (TIF) can be an important tool for local governments to attract economic development projects, create jobs, foster infrastructure investment, and/or redevelop blighted areas. TIF is a technique for funding a qualifying capital project, its related infrastructure, or maintenance of the project from a stream of revenue generated within the geographic area defined as a TIF district.
  • An Elected Official's Guide: Tax Increment Financing, Government Finance Officers Association (GFOA), 2005
    This booklet introduces the fundamentals of tax increment financing (TIF). It reviews how governments establish and manage TIF districts, common techniques for financing TIF projects, and the pros and cons associated with TIF usage. It also discusses the risks and risk management tools for helping to ensure successful TIF outcomes.

How TIF has been used by municipalities

Portable Document Format Symbol Portable Document Format (.pdf). Visit nh.gov for a list of free .pdf readers for a variety of operating systems.

NH Office of Strategic Initiatives
Governor Hugh J. Gallen State Office Park
Johnson Hall, 3rd Floor  |  107 Pleasant Street  |  Concord, NH 03301
(603) 271-2155  |  fax: (603) 271-2615