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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.

StateDistrict of Columbia
Effected JurisdictionDistrict of Columbia
Jurisdiction type: State
Fiscal year ending In2018
Program nameSpecial Tax Incentive Program - Possessory Interest Tax
Program purpose: Real estate development
Statutory authority: D.C. Code, Title 2, Government Administration; Chapter 12, Business and Economic Development, and D.C. Code, Title 47, Taxation, Licensing, Permits, Assessments, and Fees; Chapter 10 Property Exemption from Taxation, and Chapter 46, Special Tax Incentives
Abating jurisdiction(s): District of Columbia
Applicable taxesReal Property Tax; Possessory Interest Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $984,000
Reimbursement / offset: $0
Net revenue loss: $984,000
Type of loss: Active
Additional notes on dislosure(none)