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: | Indiana |
| Effected Jurisdiction: | City of Fort Wayne |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2016 |
| Program name: | Personal Property Abatements |
| Program purpose: | General Economic Development |
| Statutory authority: | Indiana Code 6-1.1-12 |
| Abating jurisdiction(s): | Fort Wayne |
| Applicable taxes: | Personal Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | Some - Although the City does not have any formal policy concerning the recapturing of abated taxes should the recipient not fulfill their agreed requirements, once the City becomes aware of such a situation, the abatement could be terminated based on Fort Wayne Common Council determination. |
| Gross revenue loss: | $925,846 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $925,846 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.cityoffortwayne.org/controllers-office.html |
