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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 Memphis
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameVarious PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board)
Program purpose: General Economic Development
Statutory authority: Tennessee Code Annotated Section 7-53-101
Abating jurisdiction(s): Economic development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee (EDGE)
Applicable taxesReal and Personal Property Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: None
Gross revenue loss: $10,237,000
Reimbursement / offset: $0
Net revenue loss: $10,237,000
Type of loss: Active
Additional notes on dislosurePrograms Administered by Economic Development Growth Engine (Industrial Development Board); Includes Community Builder PILOT, Destination Retail PILOT, Expansion PILOT, Fast Trak PILOT, Jobs PILOT, and Residential PILOT