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: | 2021 |
| Program name: | Various PILOTS: Administered by Economic Development Growth Engine (Industrial Development Board) |
| Program purpose: | General Economic Development |
| Statutory authority: | Tennessee Code Annotated Section 7-53-101 |
| 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: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (no provisions for recapture) |
| Gross revenue loss: | $6,084,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $6,084,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | Programs Administered by Economic Development Growth Engine (Industrial Development Board); Includes Community Builder PILOT, Destination Retail PILOT, Expansion PILOT, Fast Trak PILOT, Jobs PILOT, and Residential PILOT |
