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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
Reporting JurisdictionColorado
Jurisdiction type: State
Fiscal year ending In2018
Program nameRegional Tourism Act (TIF)
Program purpose: Tourism development
Statutory authority: Colorado Revised Statutes Sections 24-46-301 through 309
Abating jurisdiction(s): State of Colorado
Applicable taxesProperty Tax; Sales Tax
Method of abatement: Tax abatement - TIF
Provisions for recapture: The provision for recapturing abated taxes is a formal decision by the EDC concluding the project has not commenced within five years.
Gross revenue loss: $6,398,000
Reimbursement / offset: $0
Net revenue loss: $6,398,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://osc.colorado.gov/financial-operations/financial-reports/acfr