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: | Louisiana |
| Effected Jurisdiction: | City of New Orleans |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2019 |
| Program name: | Restoration Tax Abatement Program (RTA) |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | Article 7, Section 21(H) of the Louisiana Constitution and Lousiana Revised Statutes 47:4311 |
| Abating jurisdiction(s): | City of New Orleans, Louisiana |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | There are recapturing provisions if company fails to fulfill its commitments |
| Gross revenue loss: | $14,173,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $14,173,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | Provided break down by taxing body |
| Document source: | https://nola.gov/accounting/#report |
