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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.

State or TerritoryAlabama
Effected JurisdictionCity of Huntsville
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameProperty Tax Abatements
Program purpose: General Economic Development
Statutory authority: Section 40-9B et seq., Code of Alabama 1975
Abating jurisdiction(s): Huntsville
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $6,700,000
Reimbursement / offset: $0
Net revenue loss: $6,700,000
Type of loss: Active
Additional notes on dislosureThe property tax abatements were split between Madison County at $1.9 million, and Limestone County at $4.8 million.
Document sourcehttps://www.huntsvilleal.gov/wp-content/uploads/2023/07/Annual-Comprehen...