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.
| State: | Colorado |
| Effected Jurisdiction: | Colorado |
Jurisdiction type: | State |
| Fiscal year ending In: | 2018 |
| Program name: | Regional 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 taxes: | Property Tax; Sales Tax |
| Method of abatement: | Tax Increment Financing (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 source: | https://osc.colorado.gov/financial-operations/financial-reports/acfr |
