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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.

Effected JurisdictionCity of Wichita
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameEconomic Development Exemptions (EDX) Program
Program purpose: Manufacturing development
Statutory authority: Kansas Constitution Article 11, Section 13
Abating jurisdiction(s): City of Wichita
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: Pursuant to the City’s economic development policy, clawback provisions relating to the repayment or cessation of incentives are to be included in all incentive agreements and can allow the City to recapture up to 100% of the abatement if all of the commitments are not fully met.
Gross revenue loss: $605,000
Reimbursement / offset: $0
Net revenue loss: $605,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.wichita.gov/Finance/Pages/FinancialDocs.aspx