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 or Territory: | Tennessee |
| Effected Jurisdiction: | City of Memphis |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2017 |
| Program name: | Graceland PILOT |
| Program purpose: | Redevelopment; Tourism |
| Statutory authority: | Tennessee Code Annotated Section 7-53-312 , Tennessee Code Annotated Section 7-53-101, Tennessee Code Annotated Section 9-23-108 |
| Abating jurisdiction(s): | Economic development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee (EDGE) |
| Applicable taxes: | Real and Personal Property Tax |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | (no provisions for recapture) |
| Gross revenue loss: | $63,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $63,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | Programs Administered by Economic Development Growth Engine (EDGE). In addition to the TIF projects listed above, the City has three additional TIF programs administered by EDGE. The funds for these additional TIF programs are retained by the City in the Community Redevelopment fund to be used in accordance with the TIF agreement. |
