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: | Nevada |
| Effected Jurisdiction: | City of Reno |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2021 |
| Program name: | State 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 taxes: | Sales and Use Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $2,763,572 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,763,572 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.reno.gov/government/departments/finance/financial-reports |
