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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 San Jose
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameDowntown High-Rise Residential Incentive Program
Program purpose: Construction/rehabilitation
Statutory authority: Ordinance No. 29847
Abating jurisdiction(s): City of San Jose
Applicable taxesConstruction Taxes
Method of abatement: Tax suspension/delay; park impact in-lieu fees
Provisions for recapture: Tax suspension/delay; park impact in-lieu fees
Gross revenue loss: $2,130,000
Reimbursement / offset: $0
Net revenue loss: $2,130,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.sanjoseca.gov/home/showpublisheddocument/92712/6380557673622...