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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 JurisdictionCity of Philadelphia
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameTax Increment Financing (TIF) District(s)
Program purpose: General Economic Development (TIF)
Statutory authority: Tax Increment Financing Act
Abating jurisdiction(s): State of Pennsylvania
Applicable taxesReal Estate Tax
Method of abatement: (not specified)
Provisions for recapture: (N/A - TIF)
Gross revenue loss: $2,007,729
Reimbursement / offset: $0
Net revenue loss: $2,007,729
Type of loss: Passive
Additional notes on dislosure(none)