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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.

StateGeorgia
Reporting JurisdictionFulton County
Jurisdiction type: County
Fiscal year ending In2020
Program nameFulton County Development Authority
Program purpose: Job Creation/Retention
Statutory authority: Title 36 Chapter 62 of the Official Code of Georgia
Abating jurisdiction(s): Fulton County, Georgia
Applicable taxesProperty Tax
Method of abatement: Revenue bonds (IDA)
Provisions for recapture: There are no provisions for recapturing incentives; however, the Development Authority can immediately return title to a company for a non-performing project, which cancels the incentive going forward
Gross revenue loss: $9,486,000
Reimbursement / offset: $0
Net revenue loss: $9,486,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.fultoncountyga.gov/inside-fulton-county/fulton-county-depart...