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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.

StateMaryland
Effected JurisdictionCity of Gaithersburg
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameProperty Tax Abatements
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): Gaithersburg, Maryland
Applicable taxes(not specified)
Method of abatement: (not specified)
Provisions for recapture: no provisions for recapturing
Gross revenue loss: $338,915
Reimbursement / offset: $0
Net revenue loss: $338,915
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.gaithersburgmd.gov/home/showpublisheddocument/10230/63773950...