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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 JurisdictionJefferson County
Jurisdiction type: County
Fiscal year ending In2021
Program nameBirmingham Industrial Development Board Abatements
Program purpose: Business attraction/retention/expansion
Statutory authority: Alabama Tax Incentive Reform Act of 1992, Section 40-9B-1 et seq., of the Code of Alabama (1975)
Abating jurisdiction(s): Birmingham Industrial Development Board
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $3,223,449
Reimbursement / offset: $0
Net revenue loss: $3,223,449
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.jccal.org/Default.asp?ID=1019&pg=Audits+%26+Financials&subca...