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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 JurisdictionKnox County
Jurisdiction type: County
Fiscal year ending In2020
Program nameEconomic Development: Tax Increment Financing
Program purpose: General Economic Development
Statutory authority: Tennessee Code Annotated Section 7-53-101
Abating jurisdiction(s): Knox County
Applicable taxesProperty Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: Yes
Gross revenue loss: $2,070,647
Reimbursement / offset: $0
Net revenue loss: $2,070,647
Type of loss: Active
Additional notes on dislosureIncludes 31 TIF agreements
Document sourcehttps://www.knoxcounty.org/finance/annual_reports.php