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: | Alabama |
| Effected Jurisdiction: | City of Montgomery |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Various Property Tax Abatements |
| Program purpose: | General Economic Development |
| Statutory authority: | Chapters 4B and 9G of the Code of Alabama 1975 |
| Abating jurisdiction(s): | Montgomery, Alabama |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction in assessed value |
| Provisions for recapture: | Some |
| Gross revenue loss: | $2,652,216 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,652,216 |
| Type of loss: | Active |
| Additional notes on dislosure: | Some agreements provide for the repayment to the City of abated amounts if the entity ceases to operate its business for a certain length of time or fails to produce a certain level of employment. |
| Document source: | https://www.montgomeryal.gov/home/showpublisheddocument/16797/6381552493... |
