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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.

StateKentucky
Effected JurisdictionCity of Bowling Green
Jurisdiction type: Municipality
Fiscal year ending In2017
Program nameJob Development Incentive Program (JDIP)
Program purpose: Job Creation/Retention
Statutory authority: (not specified)
Abating jurisdiction(s): Bowling Green
Applicable taxesWithholding taxes
Method of abatement: Tax Credit
Provisions for recapture: Abated taxes of participating companies can be recaptured for a number reasons, including: failure to report or pay employee tax withholdings; failure to satisfy projected schedule of withholdings; failure to pay any tax, license fee, penalty or other charge or obligation to the City; failure to comply with any terms or conditions per Chapter 18 of City Code of Ordinances and/or incentive program agreement; material misrepresentation of any statement or fact on incentive application; abandoning or closing of business for a period of thirty (30) days; or default declared by the State Economic Development Cabinet on Kentucky Business Incentive (KBI) agreement.
Gross revenue loss: $1,591,215
Reimbursement / offset: $0
Net revenue loss: $1,591,215
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.bgky.org/finance/archive