2022 State Budget and Fiscal Incentives Presentation
Currently KPPIP is developing a Land Value Capture Scheme
to further unlock infrastructure investment potential
Land Value
Capture (LVC)
A policy approach that enables communities to recover and reinvest economic value increases and
increases in economic productivity that result from public investment and other government actions.
(Lincoln Institute of Land Policy)
Open Housing &
Settlement
Keep Investing-
network Grows
Human
Settlement
Improvement
Tax based LVC
Land and Property Tax
Value Uplift
Betterment Levies and
Special Assessment
Development Based
LVC
Land Sale and Rent
Air Right Sale
Tax Increment Financing
(TIF)
Joint Development
Land Readjustment
Retain a Portion
LVC Benefit
Triple Win LVC
•
Local revenue from tax and levy
•
•
Better city planning and development
Regional growth
I
Better
Urban
Mobility
Reducing
Subsidy
•
Distributed development in urban area
Source: Committee for Acceleration of Priority Infrastructure Delivery (KPPIP)
Source: KPPIP, Kemenko Perekonomian, Desember 2020
Creating
Fiscal
Space
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