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: | 2019 |
| Program name: | Downtown Memphis Commission: PILOT |
| Program purpose: | Real estate development (commercial) |
| Statutory authority: | Tennessee Code Annotated Section 7-53-102 |
| Abating jurisdiction(s): | City of Memphis |
| Applicable taxes: | Real and Personal Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (no provisions for recapture) |
| Gross revenue loss: | $5,744,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $5,744,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
