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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
Effected JurisdictionCity of Long Beach
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameTransient Occupancy Tax (TOT) Incentive Agreement
Program purpose: Redevelopment/revitalization
Statutory authority: City Council
Abating jurisdiction(s): City of Long Beach
Applicable taxesTransient Occupancy Tax
Method of abatement: (data not yet retrieved)
Provisions for recapture: (N/A - performance-based)
Gross revenue loss: $230,000
Reimbursement / offset: $0
Net revenue loss: $230,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.longbeach.gov/finance/city-budget-and-finances/accounting/co...