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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 Sparks
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameLocal Sales and Use Tax Abatement
Program purpose: General Economic Development
Statutory authority: NRS 360.750
Abating jurisdiction(s): State of Nevada
Applicable taxesSales and Use Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $348,981
Reimbursement / offset: $0
Net revenue loss: $348,981
Type of loss: Passive
Additional notes on dislosureLocal Sales and Use Tax is a component of the State's Standard Tax Abatement (NRS 360.750)
Document sourcehttps://cms7files1.revize.com/sparksnv/City%20of%20Sparks%20-%20June%203...