Originally Posted by Wrenchturner44
https://www.goodjobsfirst.org/accountable-development/tax-increment-financing
Most newer Walmart locations employed TIF incentives to get their stores built in certain cities, or metro areas.
That articles talks about creating TIF areas that would make a certain area grow and therefore allow for increased property taxes because the value of property would supposedly go up in a "booming" area. It doesn't mean Walmart charges more sales tax. Sales tax rates are all controlled by the state and county laws. All the Walmarts in the same state and county all have to charge the same sales tax, regardless if it's in a "TIF zone" or not.
https://www.goodjobsfirst.org/accountable-development/tax-increment-financing
Most newer Walmart locations employed TIF incentives to get their stores built in certain cities, or metro areas.
That articles talks about creating TIF areas that would make a certain area grow and therefore allow for increased property taxes because the value of property would supposedly go up in a "booming" area. It doesn't mean Walmart charges more sales tax. Sales tax rates are all controlled by the state and county laws. All the Walmarts in the same state and county all have to charge the same sales tax, regardless if it's in a "TIF zone" or not.