Title
Property Tax Exemptions to Promote Economic Development, Affordable Housing, Workforce Housing and Manufacturing Workforce Development
Issuer
MFLB
Topic(s)
Exemptions (Property Tax)
Keywords
TIF STA economic development exemptions tax increment financing agreements EDIP incentive affordable middle income workforce housing manufacturing property program urban centers zone special assessment
Statutes
23A:3A; 23A:3B; 23A:3C; 23A:3D; 23A:3E; 23A:3F; 40:59; 40:60; 40:60A; 40:60B; 59:5[51]; 59:5[58]
Cases
Summary
These guidelines explain the implementation of property tax exemptions available under the Economic Development Incentive Program (EDIP) and parallel programs to promote affordable housing in urban centers, manufacturing workforce development and construction of middle income housing. They also explain the standards and procedures that apply to these property tax exemptions.
Status
These guidelines are in effect and supersede Informational Guideline Release (IGR) No. 94-201, Property Tax Exemptions to Promote Economic Development, and any inconsistent prior written statements or documents.