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 Virginia Beach |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2023 |
| Program name: | Yes Oceana APZ-1 Incentives |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Virginia Code 58.1-3220.1 and 58.3221; Ordinance No. 2786, 9-23-03; Ordinance No. 2932, 3-28-06; Virginia Beach Code 35-72.1,35,2-11 |
| Abating jurisdiction(s): | Virginia Beach |
| Applicable taxes: | Real Estate Tax; Business License Tax and Fees |
| Method of abatement: | Tax Rebate |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $129,368 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $129,368 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://s3.us-east-1.amazonaws.com/virginia-beach-departments-docs/finan... |
