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: | Georgia |
| Effected Jurisdiction: | Cobb County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2021 |
| Program name: | Taxable Revenue Bond Financing |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Title 36 Chapter 62 of the Official Code of Georgia |
| Abating jurisdiction(s): | Cobb County, Georgia |
| Applicable taxes: | Property Tax Real and Personal Property Tax |
| Method of abatement: | Reduction in assessed value |
| Provisions for recapture: | There are provisions for recapturing some portion of the value of these incentives in the event capital investment and job creation numbers are not met during the incentive period; however, the Development Authority can immediately return title to a company for a non-performing project, which cancels the incentive going forward. There are no amounts receivable from other governments. |
| Gross revenue loss: | $2,299,836 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,299,836 |
| Type of loss: | Active |
| Additional notes on dislosure: | entered into by Development Authority of Cobb County |
| Document source: | https://www.cobbcounty.org/finance/annual-comprehensive-financial-reports |
