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 or Territory: | Colorado |
| Effected Jurisdiction: | City of Colorado Springs |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2018 |
| Program name: | Economic Development Incentive - Retail Sales |
| Program purpose: | General Economic Development |
| Statutory authority: | City Council |
| Abating jurisdiction(s): | City of Colorado Springs |
| Applicable taxes: | Sales and Use Tax |
| Method of abatement: | Tax Rebate |
| Provisions for recapture: | Refund of excess payment requested |
| Gross revenue loss: | $447,717 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $447,717 |
| Type of loss: | Active |
| Additional notes on dislosure: | The City reviews these submissions to verify compliance with the terms of each specific agreement and then issues the payment via check back to the company. The City reserves the right to recapture any payment paid in error and requires the company to return funds when either party becomes aware of an excess payment. |
| Document source: | https://coloradosprings.gov/accounting/page/annual-comprehensive-financi... |
