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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 Memphis
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameHealth, Housing and Education Facilities Board Tax Abatements
Program purpose: Affordable Housing
Statutory authority: Tennessee Code Annotated Section 48-101-301
Abating jurisdiction(s): City of Memphis
Applicable taxesReal and Personal Property Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $2,575,000
Reimbursement / offset: $0
Net revenue loss: $2,575,000
Type of loss: Active
Additional notes on dislosure(none)