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: | Maryland |
Effected Jurisdiction: | Prince George's County |
Jurisdiction type: | County |
Fiscal year ending In: | 2018 |
Program name: | Admissions and Amusement Tax Abatement |
Program purpose: | General Economic Development |
Statutory authority: | CR-87-2009 |
Abating jurisdiction(s): | Prince George's County, Maryland |
Applicable taxes: | Admissions and Amusement Tax |
Method of abatement: | Tax Abatement |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $1,523,714 |
Reimbursement / offset: | $0 |
Net revenue loss: | $1,523,714 |
Type of loss: | Active |
Additional notes on dislosure: | (p. 95) "This tax is collected by the State of Maryland and paid to the County quarterly. In 2009, the County passed CR-87-2009 which gave certain incentives for events in Prince George’s County in the form of a reduction in the amount of the County admissions and amusement tax levy on the events subject to certain conditions. This was offered as an incentive for events to be held at FedEx field. |
Document source: | https://www.princegeorgescountymd.gov/4334/Annual-Comprehensive-Financia... |