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Tax Increment Financing
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Why can't you use our audited financial statements as our annual report (AR)?
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Answer:
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The information provided in each is different in many respects. The annual report (AR) is mandated by law, and DDA's are required to publish their annual report (AR) in a newspaper.
State Tax Commission Bulletin 9 of 1997 describes the annual report (AR) in detail and lists the additional information the State Tax Commission requires beginning with 1997.
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