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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.

StateTexas
Effected JurisdictionCity of Lubbock
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameIndustrial Tax Abatement Program
Program purpose: General Economic Development
Statutory authority: Chapter 312 of the Texas Local Government Code
Abating jurisdiction(s): City of Lubbock
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: In ACFR
Gross revenue loss: $631,550
Reimbursement / offset: $0
Net revenue loss: $631,550
Type of loss: Active
Additional notes on dislosureCompanies in ACFR, with in depth program description
Document sourcehttps://ci.lubbock.tx.us/storage/images/rmX9FF05SUflOwCH8p73vAiLY482M7Wy...