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: | Virginia |
Effected Jurisdiction: | City of Norfolk |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2022 |
Program name: | Local Utility Tax Relief |
Program purpose: | General Economic Development (EZ) |
Statutory authority: | Norfolk Code 45.5-5 |
Abating jurisdiction(s): | City of Norfolk |
Applicable taxes: | Utility Tax |
Method of abatement: | Tax reduction |
Provisions for recapture: | Because taxes are not abated until after the requirements have been made, there is no provisions for recapturing abated taxes |
Gross revenue loss: | $2,393 |
Reimbursement / offset: | $0 |
Net revenue loss: | $2,393 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.norfolk.gov/DocumentCenter/View/74487/2022-Annual-Comprehens... |