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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.

StateKansas
Effected JurisdictionCity of Overland Park
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameSales Tax and Revenue Bonds (STAR Bonds)
Program purpose: Job Creation/Retention
Statutory authority: K.S.A 79-201a. Second, as amended and K.S.A. 12-1740 to 12-1749d
Abating jurisdiction(s): Overland Park
Applicable taxesSales Tax
Method of abatement: Tax Exemption; lower interest on bonds
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $545,793
Reimbursement / offset: $0
Net revenue loss: $545,793
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.opkansas.org/city-government/departments/finance-administrat...