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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 JurisdictionToledo
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameMunicipal Job Creation Tax Credit (MJCTC)
Program purpose: Job Creation/Retention
Statutory authority: ORC 718.15
Abating jurisdiction(s): City of Toledo
Applicable taxes(not specified)
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $2,686,000
Reimbursement / offset: $0
Net revenue loss: $2,686,000
Type of loss: Active
Additional notes on dislosure2018 CAFR has not been released