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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 JurisdictionLexington-Fayette
Jurisdiction type: City/County
Fiscal year ending In2017
Program nameKentucky Business Investment Program
Program purpose: General Economic Development
Statutory authority: KRS 154.32
Abating jurisdiction(s): Lexington-Fayette, Kentucky
Applicable taxesPayroll Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (not specified)
Gross revenue loss: $677,492
Reimbursement / offset: $0
Net revenue loss: $677,492
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.lexingtonky.gov/departments/accounting