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: | Texas |
| Effected Jurisdiction: | City of Laredo |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Chapter 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 taxes: | Sales Tax; Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $897,308 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $897,308 |
| Type of loss: | Active |
| Additional notes on dislosure: | 4 agreements |
| Document source: | https://www.cityoflaredo.com/home/showpublisheddocument/10032/6382709312... |
