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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 TerritoryKentucky
Effected JurisdictionKentucky
Jurisdiction type: State or Territory
Fiscal year ending In2017
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development (TIF)
Statutory authority: KRS 154.30-040, KRS 154.30-050, KRS 154.30-060 & KRS Chapter 65
Abating jurisdiction(s): State of Kentucky
Applicable taxesSales and Use Tax; Property Tax; Income Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $852,000
Reimbursement / offset: $0
Net revenue loss: $852,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://finance.ky.gov/office-of-the-controller/office-of-statewide-acco...