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: | Georgia |
Effected Jurisdiction: | Cobb County Board of Education |
Jurisdiction type: | School District |
Fiscal year ending In: | 2017 |
Program name: | Novelis Global Technology Center |
Program purpose: | Data Center |
Statutory authority: | Georgia Development Authorities Law, under Title 36 Chapter 62 of the Official Code of Georgia |
Abating jurisdiction(s): | Development Authority of Cobb County |
Applicable taxes: | Real/Personal Property Tax |
Method of abatement: | Tax Exemption |
Provisions for recapture: | There are provisions for recapturing some portion of the value of these incentives in the event capital investment and job creation numbers are not met during the incentive period; however, the Development Authority can immediately return title to a company for a non- performing project, which cancels the incentive going forward. |
Gross revenue loss: | $87,463 |
Reimbursement / offset: | $0 |
Net revenue loss: | $87,463 |
Type of loss: | Passive |
Additional notes on dislosure: | Includes agreements with Terrell Mill LLC (Quintiles), Federal Express - Phase II, Novelis Global Technology Center, and Home Depot USA |
Document source: | https://www.cobbk12.org/page/23516/ccsd-archived-cafr-reports-management... |