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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.

StateColorado
Effected JurisdictionCity and County of Denver
Jurisdiction type: City/County
Fiscal year ending In2020
Program nameVarious Tax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: Sections 30-11-123 and 31-15-903, CRS, and Chapter 53, Article XVI, DRMC
Abating jurisdiction(s): The City and County of Denver
Applicable taxesProperty Tax
Method of abatement: Reimbursement from tax increment
Provisions for recapture: No
Gross revenue loss: $4,074,000
Reimbursement / offset: $0
Net revenue loss: $4,074,000
Type of loss: Active
Additional notes on dislosureAbated by DURA. City may issue to Taxpayer a Special Notice of Valuation, and assess and collect from Taxpayer, in the manner provided for in the Colorado Revised Statutes, taxes in the amount of the incentive Tax Credit for the subject tax year.
Document sourcehttps://www.denvergov.org/Government/Agencies-Departments-Offices/Agenci...