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 or Territory: | Texas |
| Effected Jurisdiction: | City of Arlington |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2018 |
| Program name: | Tax Abatement - Retention |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Chapter 312 of the Texas Tax Code; City’s Policy Statement for Tax Abatement; VTCA Local Government Code Chapter 380; City’s Chapter 380 Economic Development Programs Policies and Procedures |
| Abating jurisdiction(s): | City of Arlington |
| Applicable taxes: | Property Tax; Sales Tax; Hotel Occupancy Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | the agreement enters a breach status, and the City provides a 30-60-day cure period. If the recipient fails to cure the breach, the City may terminate the abatement agreement and recapture any taxes abated per the terms of the agreement |
| Gross revenue loss: | $3,895,735 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,895,735 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
