Skip Navigation
 

Notices

Kansas Tourism, Visit Wichita Partnering to Host 2025 TBEX Summit Kansas Tourism and Visit Wichita are proud to announce Wichita as the host city for the Travel Blogger Exchange (TBEX) Summit on October 1-4, 2025. This esteemed event will bring together leading travel bloggers, influencers, journalists, content creators and tourism industry professionals from around the globe to explore and enjoy the heart of the country. Commerce Launches Statewide Exporters Roundtable Series he International Division of the Kansas Department of Commerce today announced it will begin a monthly Kansas Exporters Roundtable series in July. With three-quarters of potential customers located outside of the United States, Commerce will visit 12 cities across the state and offer assistance for small- to medium-sized Kansas companies. Kansas Launches National Campaign to Attract and Retain Talent Lieutenant Governor and Secretary of Commerce David Toland, alongside leaders from across the state, today unveiled Love, Kansas, a dynamic talent attraction campaign aimed at boosting Kansas’ population by inviting past residents to choose the Sunflower State as their future home. This national marketing initiative will highlight Kansas as an exceptional place to live, work and raise a family, with a special emphasis on “boomerangs” – individuals with previous ties to the state. KANSAS! Magazine Brings Home the Gold from International Awards KANSAS! Magazine brought home three Gold Awards at the 44th annual International Regional Media Association (IRMA) awards presentation. For the third consecutive year, KANSAS! was a finalist for the Magazine of the Year. Andrea Etzel, publisher of KANSAS! and publication manager for Kansas Tourism, accepted the awards on behalf of the magazine. View All

Menu

Business Regions Made in Kansas Our Department Publications Initiatives & Incentives Transparency Database About Us Notices Contact
Back
Back

Tax Increment Financing

Tax Increment Financing (TIF) is a real estate redevelopment tool applicable to industrial, commercial, intermodal transportation area and residential projects.

CONTACT

,

Tax Increment Financing (TIF) is a real estate redevelopment tool applicable to industrial, commercial, intermodal transportation area and residential projects. TIF uses the increases in real estate tax revenues and local sales tax revenues to retire the bonds sold to finance eligible redevelopment project costs (K.S.A. 12-1770 et seq.) or to reimburse the developer on a pay-as-you-go basis.

Monies raised through TIF may be used for eligible redevelopment project costs approved by the city, such as land acquisition, site preparation, infrastructure, parking structures and other related costs. The TIF funding mechanism can be used to finance improvements within the district and can also extend to certain infrastructure improvements outside the designated district, if those improvements are contiguous to the district and are deemed necessary to implement the development plan. TIF cannot be used for the construction of privately owned buildings.

Financing is available from the proceeds of bonds issued by the city or on a pay-as-you-go reimbursement. The bonds are primarily secured by the incremental increase in property taxes within the redevelopment district as a result of the new construction or rehabilitation but may, under certain circumstances, also be general obligations of the city. The city may also use franchise fees and local sales taxes generated within the redevelopment district to pay the bonds or finance the project costs.

TIF works for both privately and publicly owned land to be sold for redevelopment. Advance developer commitment to construct the project is essential to demonstrate that the TIF revenues will be sufficient.

Businesses have found that TIF offers several distinct advantages. Using TIF generally allows the financing of land acquisition and other eligible costs with tax-free borrowing at generally lower interest costs. To receive the benefits of TIF, generally the site must be in a blighted area, conservation area, pre-1992 enterprise zone, intermodal transportation area or other eligible area.

Want to Learn More About Tax Credit & Financing?

en_USEnglish