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: | Alabama |
| Effected Jurisdiction: | City of Montgomery |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2017 |
| Program name: | Varioius economic development programs |
| Program purpose: | General Economic Development |
| Statutory authority: | Tax Reform Act of 1992 (Chapter 9B, Title 40, Code of Alabama 1975) and The Alabama Reinvestment & Abatements Act (Chapter 9G, Title 40, Code of Alabama 1975). |
| Abating jurisdiction(s): | Industrial Development Board of Montgomery |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reductions of assessed values |
| Provisions for recapture: | Some |
| Gross revenue loss: | $2,073,076 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,073,076 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.montgomeryal.gov/city-government/mayor-s-office/financial-re... |
