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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 JurisdictionLouisville/Jefferson
Jurisdiction type: City/County
Fiscal year ending In2018
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development (TIF)
Statutory authority: Kentucky Revised Statute 65.7041 et seq. and Kentucky Revised Statute 154.30.
Abating jurisdiction(s): Louisville, Kentucky
Applicable taxesProperty Tax; Occupational License Fees
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $5,167,885
Reimbursement / offset: $0
Net revenue loss: $5,167,885
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://louisvilleky.gov/government/management-budget/annual-comprehensi...