Ducey signs bill extending tax incentives for Rio Nuevo

Rio Nuevo

Rio Nuevo

By Soutrik Das | Arizona Business Daily

The Tucson Metro Chamber conveyed its gratitude to Gov. Doug Ducey and state Rep. Mark Finchem (R-Tucson) for their leadership in passing House Bill 2456, which extended tax incentives for Rio Nuevo to 2035.

Rio Nuevo is a Tax Increment Financing district in Tucson. The public financing method is used for subsidizing redevelopment, infrastructure and other community-improvement projects.

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