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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 Dracut
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: Massachusetts General Laws Chapter 12A, Section 3E; Massachusetts General Laws Chapter 59, Section 5, Clause 51
Abating jurisdiction(s): Town of Dracut
Applicable taxesReal and Personal Property Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (N/A - TIF)
Gross revenue loss: $78,536
Reimbursement / offset: $0
Net revenue loss: $78,536
Type of loss: Active
Additional notes on dislosure(none)