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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 Marion
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameTax Increment Financing (TIF)
Program purpose: Property improvements
Statutory authority: Illinois Statute 65 ILCS 5111-74.4 et. Seq., the “Tax Increment Allocation Redevelopment Act”
Abating jurisdiction(s): City of Marion
Applicable taxesReal Estate Tax; Sales Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $1,909,692
Reimbursement / offset: $0
Net revenue loss: $1,909,692
Type of loss: Active
Additional notes on dislosure(none)