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Tax Break Tracker Individual Entry

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.

Effected JurisdictionCity of Columbus
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameIndustrial Revenue Bond Program
Program purpose: Business attraction/retention/expansion
Statutory authority: City Ordinance #72-76 as authorized by Senate Bill 120
Abating jurisdiction(s): Columbus
Applicable taxesProperty Tax
Method of abatement: Industrial development bonds (PILOTs)
Provisions for recapture: (not specified)
Gross revenue loss: $6,674,001
Reimbursement / offset: $0
Net revenue loss: $6,674,001
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.columbusga.gov/portals/finance/accounting-resources/ACFR_FY2...