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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.

StateCalifornia
Reporting JurisdictionCity of Los Angeles
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameMills Act Historical Property Agreements
Program purpose: Historic Preservation
Statutory authority: State Government Code Section 50280 et seq.: State of California Mills Act
Abating jurisdiction(s): City of Los Angeles
Applicable taxesProperty Tax
Method of abatement: Reduction of assessed value
Provisions for recapture: (not specified)
Gross revenue loss: $1,400,000
Reimbursement / offset: $0
Net revenue loss: $1,400,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://lacontroller.org/financial-reports/