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.
State or Territory: | Florida |
Effected Jurisdiction: | City of Pensacola |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2021 |
Program name: | Economic Development Ad Valorem Tax Exemption |
Program purpose: | General Economic Development |
Statutory authority: | Florida Statute Chapter 196.1995 |
Abating jurisdiction(s): | City of Pensacolaa |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Abatement |
Provisions for recapture: | The agreements include recapture provisions should the business receiving the tax abatement fail to meet its commitments, such as the submittal of the annual renewal application. |
Gross revenue loss: | $208,027 |
Reimbursement / offset: | $0 |
Net revenue loss: | $208,027 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.cityofpensacola.com/ArchiveCenter/ViewFile/Item/1289 |