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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 Knoxville
Jurisdiction type: Municipality
Fiscal year ending In2018
Program namePayment In Lieu of Taxes (PILOT)
Program purpose: General Economic Development
Statutory authority: Tennessee Code Annotated Section 7-53-305
Abating jurisdiction(s): Knoxville
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: No
Gross revenue loss: $2,992,428
Reimbursement / offset: $0
Net revenue loss: $2,992,428
Type of loss: Active
Additional notes on dislosureIncludes 33 PILOTS. The City’s PILOT agreements do not contain clawback or recapture provisions based on performance goals. In the event of default, the City may clawback property or personal taxes that would have been otherwise owed.