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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.

StateTennessee
Effected JurisdictionCity of Knoxville
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameKnoxville Community Development Corporation
Program purpose: Affordable Housing
Statutory authority: Tennessee Code Annotated Section 7-53-101
Abating jurisdiction(s): Knoxville
Applicable taxesProperty Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: Not Specified
Gross revenue loss: $1,975,967
Reimbursement / offset: $0
Net revenue loss: $1,975,967
Type of loss: Active
Additional notes on dislosureIncludes 29 TIF agreements