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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 In2022
Program nameChapter 312
Program purpose: General Economic Development
Statutory authority: Chapter 312 of the Texas Property Tax Code, Property Redevelopment and Tax Abatement Act
Abating jurisdiction(s): City of Laredo
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $194,723
Reimbursement / offset: $0
Net revenue loss: $194,723
Type of loss: Active
Additional notes on dislosure3 agreements
Document sourcehttps://www.cityoflaredo.com/home/showpublisheddocument/10032/6382709312...