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: | Virginia |
| Effected Jurisdiction: | City of Norfolk |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | New Business License Incentive Program |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Norfolk Municipal Code Section 24-25.9 and 24-25.2 |
| Abating jurisdiction(s): | City of Norfolk |
| Applicable taxes: | Business License Tax |
| Method of abatement: | Tax reduction |
| Provisions for recapture: | If the business estimates its gross receipts will exceed $1 million, but the actual gross receipts are less than $1 million, the benefits of the program are not available unless the business completes the |
| Gross revenue loss: | $5,659 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $5,659 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.norfolk.gov/DocumentCenter/View/74487/2022-Annual-Comprehens... |
