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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.

StateTexas
Effected JurisdictionCity of Austin
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameChapter 380 Performance Based Economic Development Incentive Program
Program purpose: General Economic Development
Statutory authority: Chapter 380 of the Texas Local Government Code
Abating jurisdiction(s): Austin, Texas
Applicable taxesproperty taxes, sales taxes
Method of abatement: Tax Abatement
Provisions for recapture: (data not yet retrieved)
Gross revenue loss: $6,900,000
Reimbursement / offset: $0
Net revenue loss: $6,900,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.austintexas.gov/service/current-annual-comprehensive-financi...