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 Knoxville |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Payment In Lieu of Taxes (PILOT) |
| Program purpose: | General Economic Development |
| Statutory authority: | Tennessee Code Annotated Section 7-53-305 |
| Abating jurisdiction(s): | Knoxville |
| Applicable taxes: | Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | No |
| Gross revenue loss: | $3,535,534 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,535,534 |
| Type of loss: | Active |
| Additional notes on dislosure: | Includes 46 PILOTS. The City’s PILOT agreements do not contain clawback or recapture provisions based on performance goals. In the event of default, the City may clawback property or personal taxes that would have been otherwise owed. |
| Document source: | https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server_109478/File... |
