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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 JurisdictionTulsa Public School District I-1
Jurisdiction type: School District
Fiscal year ending In2020
Program nameFive Year Ad Valorem Tax Exemption for Manufacturing
Program purpose: Manufacturing development
Statutory authority: Section 193 of Title 62 of the Oklahoma Statutes
Abating jurisdiction(s): State of Oklahoma
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $4,200,000
Reimbursement / offset: $0
Net revenue loss: $4,200,000
Type of loss: Passive
Additional notes on dislosureDuring the year ended June 30, 2020, the amount of foregone tax revenues as a result of this exemption were $4.2 million, all of which was recorded by the district as a receivable at year end.