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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 Independence
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: Missouri Statuate 99.800 thorugh 99.865
Abating jurisdiction(s): City of Independence
Applicable taxesReal Estate Tax; Sales Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (not specified)
Gross revenue loss: $8,196,900
Reimbursement / offset: $0
Net revenue loss: $8,196,900
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://issuu.com/cityofindepmo/docs/2017-18_acfr?fr=xKAE9_zU1NQ