« Return to search form

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 JurisdictionCity of Pensacola
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameEconomic Development Ad Valorem Tax Exemption 
Program purpose: General Economic Development
Statutory authority: Florida Statute Chapter 196.1995
Abating jurisdiction(s): City of Pensacolaa
Applicable taxesProperty 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 sourcehttps://www.cityofpensacola.com/ArchiveCenter/ViewFile/Item/1383