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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 Fort Worth
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameEconomic Development Program Grant Agreements
Program purpose: Business attraction/retention/expansion
Statutory authority: Chapter 380 of the Texas Local Government Code
Abating jurisdiction(s): City of Fort Worth
Applicable taxesReal Property Tax; Business Personal Property Tax; Sales Tax; Hotel Occupancy Tax
Method of abatement: Tax refund
Provisions for recapture: Agreement termination
Gross revenue loss: $32,121,000
Reimbursement / offset: $0
Net revenue loss: $32,121,000
Type of loss: Active
Additional notes on dislosureBreakdown by tax type in ACFR
Document sourcehttps://www.fortworthtexas.gov/files/assets/public/v/1/finance/fy2022-an...