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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionHillsborough County
Jurisdiction type: County
Fiscal year ending In2017
Program nameQualified Target Industry Program
Program purpose: Job Creation/Retention
Statutory authority: Section 288.106, Florida Statutes
Abating jurisdiction(s): Hillsborough County, Florida
Applicable taxes(N/A - direct payment)
Method of abatement: Tax refund matching
Provisions for recapture: Because QTI payments are paid after compliance requirements have been met, there is no provision for recovering previously made payments. If the participant complied with program requirements only partially, prorated benefits are permitted under certain conditions.
Gross revenue loss: $401,851
Reimbursement / offset: $0
Net revenue loss: $401,851
Type of loss: Active
Additional notes on dislosureThe County makes tax abatement payments after determining that program requirements are met. If a participant does not comply with all requirements, partial benefits are not permitted.
Document sourcehttps://www.hillsclerk.com/records-and-reports/financial-reports-county