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 Territory: | Iowa |
| Effected Jurisdiction: | City of Des Moines |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2023 |
| Program name: | Tax Increment Financing |
| Program purpose: | General Economic Development |
| Statutory authority: | Chapters 15A and 403 of the Code of Iowa |
| Abating jurisdiction(s): | Des Moines |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | N/A - rebates only given when conditions are met |
| Gross revenue loss: | $5,500,010 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $5,500,010 |
| Type of loss: | Active |
| Additional notes on dislosure: | Admits to abating taxes that could flow into other local taxing authorities |
| Document source: | https://cms2.revize.com/revize/desmoines/document_center/Finance/Compreh... |
