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: | Jefferson County |
Jurisdiction type: | County |
Fiscal year ending In: | 2021 |
Program name: | Various Property Tax Abatements Agreements |
Program purpose: | General Economic Development |
Statutory authority: | Alabama Tax Incentive Reform Act of 1992, Section 40-9B-1 et seq., of the Code of Alabama (1975) |
Abating jurisdiction(s): | Jefferson County, Alabama |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Abatement |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $6,100,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $6,100,000 |
Type of loss: | Active |
Additional notes on dislosure: | Abated by Birmingham-Jefferson County Port Authority |
Document source: | https://www.jccal.org/Default.asp?ID=1019&pg=Audits+%26+Financials&subca... |