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.
| State or Territory: | Alabama |
| Effected Jurisdiction: | City of Montgomery |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2021 |
| Program name: | Various 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 taxes: | Property 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 dislosure: | Some 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. |
