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 Territory: | Kentucky |
| Effected Jurisdiction: | City of Bowling Green |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2023 |
| Program name: | Job Development Incentive Program (JDIP) |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | (not specified) |
| Abating jurisdiction(s): | Bowling Green |
| Applicable taxes: | Withholding taxes |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Abated taxes of participating companies can be recaptured for a number reasons, including: failure to report or pay employee tax withholdings; failure to satisfy projected schedule of withholdings; failure to pay any tax, license fee, penalty or other charge or obligation to the City; failure to comply with any terms or conditions per Chapter 18 of City Code of Ordinances and/or incentive program agreement; material misrepresentation of any statement or fact on incentive application; abandoning or closing of business for a period of thirty (30) days; or default declared by the State Economic Development Cabinet on Kentucky Business Incentive (KBI) agreement. |
| Gross revenue loss: | $1,765,724 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,765,724 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.bgky.org/files/2jni45Tk.pdf |
