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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.

StateMinnesota
Effected JurisdictionMinnesota
Jurisdiction type: State
Fiscal year ending In2018
Program nameBorder City Enterprise Zones (EZ)
Program purpose: General Economic Development (EZ)
Statutory authority: Minnesota Statutes 469.166-469.1735
Abating jurisdiction(s): State of Minnesota
Applicable taxesIncome Taxes
Method of abatement: Tax Exemption; Tax Credit
Provisions for recapture: Businesses which receive tax abatements that cease to operate within the border city must repay the tax abatement received during the prior two years; other recapture provisions may exist between the border city and the business.
Gross revenue loss: $136,000
Reimbursement / offset: $0
Net revenue loss: $136,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://mn.gov/mmb/accounting/reports/annual-comprehensive-financial-rep...