RSA 205:4-c Cooperation in Undertaking Tax Increment Financing for Redevelopment Projects.

Any municipality may, in addition to the cooperation provided in RSA 203:23, authorize financing for any redevelopment project as provided in paragraphs I and II and may enter into an agreement with an authority relating to one or more redevelopment projects, which need not be contiguous nor undertaken simultaneously, to provide that the taxes raised by assessment on the taxable property included as part of a redevelopment project shall be divided as follows:
I. In each year, that portion of the taxes for said year which would be raised from said taxable property (including taxable property added to a redevelopment project area by amendment of a redevelopment plan) by the rate at which the tax is assessed for said year by and for the municipality upon the initial valuation the