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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.

Effected JurisdictionPennsylvania
Jurisdiction type: State
Fiscal year ending In2018
Program nameNeighborhood Improvement Zone Program (NIZ)
Program purpose: Construction/rehabilitation
Statutory authority: Article XIX‚ÄêB of the Tax Reform Code of 1971
Abating jurisdiction(s): State of Pennsylvania
Applicable taxesCorporate Net Income Tax; Capital Stock/Foreign Franchise Tax; Bank and Trust Company Shares; Sales, Use & Hotel Occupancy Tax; Employer Withholding Tax; Gross Receipts Tax; Unemployment Compensation Tax; Realty Transfer Tax; Cigarette Tax; Vehicle Rental Tax; Gross Premiums Tax; Malt Beverage Tax; Liquor/Wine Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (N/A - TIF)
Gross revenue loss: $45,600,000
Reimbursement / offset: $0
Net revenue loss: $45,600,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe...