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Tax Break Tracker Individual Entry

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.

StateVirginia
Effected JurisdictionCity of Norfolk
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameLocal Utility Tax Relief
Program purpose: General Economic Development (EZ)
Statutory authority: City Ordinance § 45.5-5
Abating jurisdiction(s): Norfolk, Virginia
Applicable taxesUtility Tax
Method of abatement: Tax reduction
Provisions for recapture: Because taxes are not abated until after the requirements have been made, there is no provisions for recapturing abated taxes
Gross revenue loss: $2,916
Reimbursement / offset: $0
Net revenue loss: $2,916
Type of loss: Active
Additional notes on dislosure(none)