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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 Laredo
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameChapter 380 Performance Based Economic Development Incentive Program
Program purpose: General Economic Development
Statutory authority: Chapter 380 of the Texas Property Tax Code, Property Redevelopment and Tax Abatement Act
Abating jurisdiction(s): City of Laredo
Applicable taxesSales Tax; Property Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $447,885
Reimbursement / offset: $0
Net revenue loss: $447,885
Type of loss: Active
Additional notes on dislosure153 agreements
Document sourcehttps://www.cityoflaredo.com/home/showpublisheddocument/892/638113778494...