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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 JurisdictionShelby County
Jurisdiction type: County
Fiscal year ending In2020
Program nameFinance Corporation Tax Abatements
Program purpose: Construction/rehabilitation
Statutory authority: Tennessee Code Annotated Section 7-53-102; Tennessee Code Annotated Section 48-101-312
Abating jurisdiction(s): Shelby County, Tennessee
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: None
Gross revenue loss: $10,433,041
Reimbursement / offset: $0
Net revenue loss: $10,433,041
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.shelbycountytn.gov/1311/Comprehensive-Annual-Financial-Reports