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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 Indianapolis
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameVacant Building Abatement
Program purpose: General Economic Development
Statutory authority: I.C. 6-1.1-12.1
Abating jurisdiction(s): City of Indianapolis
Applicable taxesReal Property Tax
Method of abatement: Tax Abatement
Provisions for recapture: If a company ceases operations or announces the cessation of operations at the facility for which the abatement was granted, termination of the abatement agreement is warranted and 100% clawback is required.
Gross revenue loss: $2,000
Reimbursement / offset: $0
Net revenue loss: $2,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.indy.gov/activity/annual-financial-reports