Tax Increment Financing (TIF)

As established by Chapter 39.114 RCW, a local government may propose to designate a Tax Increment Financing (TIF) area and use the associated tax allocation revenues to pay for public improvement costs.

As part of the process to establish a TIF area, a local government must prepare a project analysis, the requirements of which are outlined in RCW 39.114.020 (2) (see link to TIF Project Analysis Contents below). RCW 39.114.020 (7)(b) requires that proposed TIF area project analyses are submitted to the Office of the State Treasurer (OST) for review, and that the local government take into consideration any comments that OST may provide.

TIF Project Analysis Contents

Email tif.review@tre.wa.gov to request project analysis review.