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: | City and County of Denver |
Jurisdiction type: | City/County |
| Fiscal year ending In: | 2019 |
| Program name: | Business Incentive Agreements |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Sections 30-11-123 and 31-15-903, CRS, and Chapter 53, Article XVI, DRMC |
| Abating jurisdiction(s): | The City and County of Denver |
| Applicable taxes: | Personal Property Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Yes |
| Gross revenue loss: | $333,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $333,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | If at any time after the City grants an incentive tax credit, the City, in its sole discretion determines that Taxpayer did not meet all requirements of sections 30-11-123 and 31-15-903, CRS, Chapter 53, Article XVI, DRMC or other incentive tax credit requirements of the City under section 53-544, DRMC in the tax year for which a credit was granted, Taxpayer agrees that City may issue to Taxpayer a Special Notice of Valuation, and assess and collect from Taxpayer, in the manner provided for in the Colorado Revised Statutes, taxes in the amount of the incentive tax credit for the subject tax year. |
| Document source: | https://www.denvergov.org/Government/Agencies-Departments-Offices/Agenci... |
