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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.

Effected JurisdictionCity of New Orleans
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameRestoration 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 taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: There are recapturing provisions if company fails to fulfill its commitments
Gross revenue loss: $16,203,000
Reimbursement / offset: $0
Net revenue loss: $16,203,000
Type of loss: Active
Additional notes on dislosureProvided break down by taxing body
Document sourcehttps://nola.gov/accounting/#report