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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.

StateOhio
Effected JurisdictionFranklin County
Jurisdiction type: County
Fiscal year ending In2018
Program nameEnterprise Zone Program
Program purpose: General Economic Development (EZ)
Statutory authority: (not specified)
Abating jurisdiction(s): Franklin County, Ohio
Applicable taxesReal Property Tax
Method of abatement: Tax Exemption
Provisions for recapture: Pursuant to the terms of such agreements, if the actual number of employee positions created or retained by the business in any three-year period during which the agreement is in effect is not equal to or greater than seventy-five percent of the number of employee positions estimated to be created or retained under the agreement, the business shall repay the amount of taxes on property that would have been payable had the property not been exempted. In addition, the local governments may terminate or modify the exemptions from taxation granted under the agreement if the terms of the agreement are not met.
Gross revenue loss: $1,332,000
Reimbursement / offset: $0
Net revenue loss: $1,332,000
Type of loss: Active
Additional notes on dislosureBreakdown by agency provided
Document sourcehttps://ohioauditor.gov/auditsearch/Search.aspx