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: | Washington |
| Effected Jurisdiction: | City of Seattle |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | High Technology |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Chapter 82.63 RCW |
| Abating jurisdiction(s): | State of Washington |
| Applicable taxes: | Sales and Use Tax |
| Method of abatement: | Tax waiver |
| Provisions for recapture: | If the project is used for any other purpose at any time during the 8-year certification period, the business must immediately repay a portion of the deferred taxes, determined by a sliding scale ranging from 100 percent recapture in the year 1 to 12.5 percent in year 8 |
| Gross revenue loss: | $12,367,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $12,367,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.seattle.gov/documents/Departments/CityFinance/FinancialServi... |
