Change could be coming for TIF in Missouri. Tax Increment Financing provides tax breaks for development in the state’s poor areas. Yet a special House committee has uncovered abuses, such as a TIF for expensive homes in Kansas City and one that totaled $25 million to lure Nordstrom to a St. Louis area mall. The committee will release its report on abuses of the TIF law before the legislature convenes next month. At least one lawmaker promises to file proposals for changed based upon the report. Kansas City Representative Henry Rizzo wants the legislature to move slowly with any changes, especially changes to the definition of “blight”.
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