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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 JurisdictionOklahoma City
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameTIF - Economic Development Project Plan
Program purpose: General Economic Development (TIF)
Statutory authority: Local Development Act, Title 62 of the Oklahoma Statutes, Sections 850, et seq
Abating jurisdiction(s): Oklahoma City, Oklahoma
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $3,666,000
Reimbursement / offset: $0
Net revenue loss: $3,666,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.okc.gov/departments/finance/financial-and-budget-reports/ann...