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: | Marion County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2022 |
| Program name: | Personal Property Tax Abatement |
| Program purpose: | Manufacturing development |
| Statutory authority: | IC 6-1.1-12.1 |
| Abating jurisdiction(s): | City of Indianapolis |
| Applicable taxes: | Personal Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | If a company ceases operations or announces the cessation of operations at the facility for which the abatement was granted, termination of the abatement agreement is warranted and 100% clawback is required. Other clawbacks are calculated based on the highest level of noncompliance among the measured categories for that project. |
| Gross revenue loss: | $1,209,641 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,209,641 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Agreements entered into by the City of Indianpois |
| Document source: | https://media.graphassets.com/F2LmoKCcRUCrCXsYNnQg |
