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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 Virginia Beach
Jurisdiction type: Municipality
Fiscal year ending In2022
Program namePPP - 25th St Parking Garage and iFly
Program purpose: General Economic Development
Statutory authority: Virginia Public-Private Education Facilities and Infrastructure Act of 2002
Abating jurisdiction(s): Virginia Beach
Applicable taxesAdmissions Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $97,446
Reimbursement / offset: $0
Net revenue loss: $97,446
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://s3.us-east-1.amazonaws.com/virginia-beach-departments-docs/finan...