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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 TerritoryIowa
Effected JurisdictionPolk County
Jurisdiction type: County
Fiscal year ending In2019
Program namePassive Tax Abatement: Urban renewal and economic development projects of other entities
Program purpose: General Economic Development
Statutory authority: Chapters 15A and 403 of the Code of Iowa
Abating jurisdiction(s): Polk County
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $3,865,972
Reimbursement / offset: $0
Net revenue loss: $3,865,972
Type of loss: Passive
Additional notes on dislosureIncludes agreements made by Des Moines, Bondurant, Ankeny, Grimes, Windsor Heights, Altoona, Pleasant Hill, Johnston, Clive, Urbandale, West Des Moines, Polk City, Mitchellville
Document sourcehttps://www.polkcountyiowa.gov/county-auditor/central-accounting/compreh...