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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 In2020
Program nameVarious tax abatements
Program purpose: Property improvements
Statutory authority: Chapter 353 Missouri Statute
Abating jurisdiction(s): City of Independence
Applicable taxesReal Estate Tax
Method of abatement: Tax Abatement
Provisions for recapture: No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards).
Gross revenue loss: $83,637
Reimbursement / offset: $0
Net revenue loss: $83,637
Type of loss: Active
Additional notes on dislosureSee CAFR for company-specific details
Document sourcehttps://issuu.com/cityofindepmo/docs/2019-20_acfr?fr=xKAE9_zU1NQ