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.
| State: | Florida |
| Effected Jurisdiction: | City of Pensacola |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Economic Development Ad Valorem Tax Exemption |
| Program purpose: | General Economic Development |
| Statutory authority: | Florida Statute Chapter 196.1995 |
| Abating jurisdiction(s): | City of Pensacolaa |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | The agreements include recapture provisions should the business receiving the tax abatement fail to meet its commitments, such as the submittal of the annual renewal application. |
| Gross revenue loss: | $218,771 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $218,771 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.cityofpensacola.com/ArchiveCenter/ViewFile/Item/1383 |
