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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.

StateArizona
Effected JurisdictionArizona
Jurisdiction type: State
Fiscal year ending In2021
Program nameRio Nuevo Tax Increment Financing (TIF) District
Program purpose: General Economic Development (TIF)
Statutory authority: General Economic Development (TIF)
Abating jurisdiction(s): State of Arizona
Applicable taxesSales Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $419,000
Reimbursement / offset: $0
Net revenue loss: $419,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://gao.az.gov/financials/acfr