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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.

StateAlabama
Effected JurisdictionCity of Birmingham
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameIndustrial Development Board of Birmingham
Program purpose: General Economic Development
Statutory authority: Chapter 9B, Title 40, Code of Alabama 1975; Tax Incentive Reform Act of 1992
Abating jurisdiction(s): Industrial Development Board of Birmingham
Applicable taxesNon-educational Property Tax and sales/use taxes
Method of abatement: Tax Abatement
Provisions for recapture: some
Gross revenue loss: $2,451,791
Reimbursement / offset: $0
Net revenue loss: $2,451,791
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://data.birminghamal.gov/dataset/comprehensive-annual-financial-rep...