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Top 10 TIF Misconceptions – Creating Additional Project Value and Avoiding Costly MistakesBy: Scott Ziance In this two-part series, we’ll cover the top 10 misconceptions associated with Ohio Tax Increment Financing (TIF). TIF is a funding vehicle for public infrastructure and sometimes site improvements. Read the first five misconceptions. Significant 2016 Year-End Ohio Historic Preservation Tax Credit DevelopmentsBy: Joseph Mann At the end of 2016, there were two significant developments related to Ohio Historic Preservation Tax Credits. First, Substitute Senate Bill Number 235 was enacted. This bill granted a catalytic award to each person who had previously applied for a catalytic award for the fiscal year 2016-2017 biennium, and whose application was not previously approved. Prior to 2017, for each biennium period the Ohio Development Services Agency Director was authorized to make one award of up to $25 million to a “catalytic” project meeting certain criteria. In a second development, the Ohio General Assembly withdrew a proposal that would have eliminated Ohio’s state historic preservation tax credits. Learn more about each of these developments. Recap: Vorys Ohio Economic Development Incentives ConferenceOn February 24, Vorys hosted its second annual Ohio Economic Development Incentives Conference for more than 120 developers, company representatives and community leaders. The presenters included Vorys attorneys, city and company leaders and experienced in-house incentives professionals. The presentations covered a variety of topics, including the benefits and challenges of Ohio port authority transactions; working with small and medium-sized Ohio communities; information specific to developers and business operators; and what to look for in 2017 legislative sessions. To learn more about the conference or to view the presentation materials, click here. If you’d like to be added to the invitation list for the 2018 conference, email ksallen@vorys.com. Around the WebLearning from Buffalo and Denver: Can Tax Credits Help Restore Polluted Sites? – Oregon Metro News Awards to Assist 18 Historic Rehabilitation Projects – Ohio Development Services Agency When It Comes to Tax Incentives, How Transparent Is Your City? – GOVERNING Water Infrastructure Funding: Where Do We Go From Here? - WaterWorld House Panel to Consider Proposed Changes to Investor Visa Program – National Law Review MSRB Draft Rules Would Clarify CUSIPs Needed for Private Placements – SourceMedia: Bond Buyer |
ContactsWilliam D.G. Baldwin  Aaron S. Berke Kelly B. Bissinger Bryan H. Falk Nicholas R. House Joseph B. Mann Jacinto A. Núñez J. Theodore Smith Kristin L. Woeste Scott J. Ziance |
This newsletter is for general information purposes and should not be regarded as legal advice. As always, please let us know if you want more information or have questions about how these developments apply to your situation. |