Prof. David Callies '65 Publishes Tax Increment Financing

Prof. David Callies '65 Publishes Tax Increment Financing

April 16, 2012

David L. Callies, Benjamin A. Kudo Professor of Law at the University of Hawaii at Manoa's William S. Richardson School of Law and 1965 graduate of DePauw University, is co-editor of Tax Increment Financing. Published by the American Bar Association, the book examines TIF, "a method of financing the redevelopment of underperforming property by isolating the value added to the property from a proposed redevelopment (the increment) and taxing that increment only to pay for the redevelopment project."

A synopsis notes, "Virtually every state authorizes tax increment financing in some form, almost exclusively for redevelopment projects. The use of TIF raises a number of issues that this book attempts to address by means of case studies drawn from among the states.

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A political science major at DePauw, Callies went on to earn graduate degrees from the University of Michigan Law School (J.D.) and the University of Nottingham (LL.M.). He is a past foreign fellow and present life member of Clare Hall, Cambridge University.

His previous books include: Bargaining for Development: A Handbook on Development Agreements, Annexation Agreements, Land Development Conditions and Vested Rights; A Concise Introduction to Property Law; Property and the Public Interest; Preserving Paradise: Why Regulation Won't Work and The Role of Customary Law in Sustainable Development.