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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.

Reporting JurisdictionVirginia Beach
Jurisdiction typeMunicipality
Fiscal year ending In2018
Program nameYes Oceana APZ-1 Incentives
Program purposeBusiness attraction/retention/expansion
Statutory authorityVA Code 58.1-3220.1 and 58.3221; Ordinance No. 2786, 9-23-03; Ordinance No. 2932, 3-28-06; VB Code 35-72.1,35,2-11
Abating jurisdiction(s)Virginia Beach
Applicable taxesReal Estate Tax; Business License Tax and Fees
Method of abatementTax rebate
Provisions for recapture(not specified)
Gross revenue loss$43,598
Reimbursement / offset$0
Net revenue loss$43,598
Type of lossActive
Additional notes on dislosure(none)