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: | Oregon |
Effected Jurisdiction: | City of Hillsboro |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2022 |
Program name: | Enterprise Zone Program |
Program purpose: | Job Creation/Retention |
Statutory authority: | Oregon Revised Statutes (ORS) 285C.175 |
Abating jurisdiction(s): | Hillsboro, Oregon |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Abatement |
Provisions for recapture: | Should the business fail to meet requirements of the program, the abatement would be precluded and the full assessed value would go back on the tax rolls to be assessed |
Gross revenue loss: | $7,837,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $7,837,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.hillsboro-oregon.gov/home/showdocument?id=29088&t=6380608790... |