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: | 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... |