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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.

StateAlabama
Reporting JurisdictionCity of Montgomery
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameVarious Sales Tax Abatements
Program purpose: General Economic Development
Statutory authority: Tax Reform Act of 1992 (Chapter 9B, Title 40, Code of Alabama 1975) and The Alabama Reinvestment & Abatements Act (Chapter 9G, Title 40, Code of Alabama 1975).
Abating jurisdiction(s): Industrial Development Board of Montgomery
Applicable taxesSales Tax
Method of abatement: Exemptions on purchases
Provisions for recapture: (not specified)
Gross revenue loss: $6,500,000
Reimbursement / offset: $0
Net revenue loss: $6,500,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.montgomeryal.gov/city-government/mayor-s-office/financial-re...