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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 JurisdictionChesterfield County
Jurisdiction type: County
Fiscal year ending In2022
Program nameTIF - Tax Increment Financing
Program purpose: General Economic Development
Statutory authority: Code of Virginia 58.1-3245.2
Abating jurisdiction(s): Chesterfield County
Applicable taxesSales Tax; Property Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (not specified)
Gross revenue loss: $1,482,433
Reimbursement / offset: $0
Net revenue loss: $1,482,433
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.chesterfield.gov/DocumentCenter/View/24238/Annual-Comprehens...