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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 Reno
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameState of Nevada Tax Abatement Program (Machinery/equipment)
Program purpose: General Economic Development
Statutory authority: Nevada Revised Statutes 374.357
Abating jurisdiction(s): State of Nevada
Applicable taxesSales and Use Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $1,187,144
Reimbursement / offset: $0
Net revenue loss: $1,187,144
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.reno.gov/government/departments/finance/financial-reports