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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.

Effected JurisdictionCity of Norfolk
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameEconomic Development Program
Program purpose: Business attraction/retention/expansion
Statutory authority: City Council ordinance
Abating jurisdiction(s): City of Norfolk
Applicable taxesPersonal Property Tax; Real Estate and Business Tangible Property Tax
Method of abatement: Grant
Provisions for recapture: No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards).
Gross revenue loss: $3,342,571
Reimbursement / offset: $0
Net revenue loss: $3,342,571
Type of loss: Active
Additional notes on dislosure(none)