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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.

StateAlabama
Reporting JurisdictionMontgomery
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameVarious Property Tax Abatements
Program purpose: General Economic Development
Statutory authority: Tax Reform Act of 1992 (Chapter 9B, Title 40, Code of Alabama 1975) and The Alabama Reinvestment & Abatements Act (Chapter 9G, Title 40, Code of Alabama 1975).
Abating jurisdiction(s): Montgomery, Alabama
Applicable taxesProperty Tax
Method of abatement: Reduction in assessed value; Tax Exemption
Provisions for recapture: Some
Gross revenue loss: $1,680,105
Reimbursement / offset: $0
Net revenue loss: $1,680,105
Type of loss: Active
Additional notes on dislosureSome agreements provide for the repayment to the City of abated amounts if the entity ceases to operate its business for a certain length of time or fails to produce a certain level of employment.