Virginia VA City of Norfolk Municipality 2017 Tax Abatement Program General Economic Development (not specified) Norfolk Property Tax (not specified) (N/A) $2,051,933 $0 $2,051,933 (none) 13930 Virginia VA City of Norfolk Municipality 2017 Tax Increment Financing (TIF) General Economic Development (not specified) Norfolk Property Tax (not specified) (not specified) $1,398,409 $0 $1,398,409 (none) 13931 Virginia VA City of Norfolk Municipality 2017 Economic Development Program General Economic Development (not specified) Norfolk Personal Prop, Real Estate and Biz Tangible Prop Tax (not specified) (N/A) $1,117,238 $0 $1,117,238 (none) 13932 Virginia VA City of Norfolk Municipality 2017 New Business License Incentive Program General Economic Development (not specified) Norfolk Business License Tax (not specified) (N/A) $15,231 $0 $15,231 (none) 13933 Virginia VA City of Norfolk Municipality 2017 Local Utility Tax Relief General Economic Development (not specified) Norfolk Utility Tax (not specified) (N/A) $3,157 $0 $3,157 (none) 13934 Virginia VA City of Norfolk Municipality 2018 Tax Increment Financing (TIF) (not specified) (not specified) Norfolk Property Tax (not specified) (not specified) $5,266,000 $0 $5,266,000 (none) 13982 Virginia VA City of Norfolk Municipality 2018 Tax Abatement Program Property improvements Norfolk Code Section 24-203 & Section 27-76 City of Norfolk Property Tax Reduction in assessed value No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $2,448,701 $0 $2,448,701 (none) 13983 Virginia VA City of Norfolk Municipality 2018 Economic Development Program Business attraction/retention/expansion City Council ordinance City of Norfolk Personal Property Tax; Real Estate and Business Tangible Property Tax Grant No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $1,858,476 $0 $1,858,476 (none) 13984 Virginia VA City of Norfolk Municipality 2018 New Business License Incentive Program General Economic Development Norfolk Code 24-25.9 and 24-25.2 City of Norfolk Business License Tax Reduction If the business estimates its gross receipts will exceed $1 million, but the actual gross receipts are less than $1 million, the benefits of the program are not available unless the business completes the qualification process. Likewise, if the qualifying business estimated less than $1 million and the actual gross receipts were more than $1 million the business is responsible for the entire tax amount and will be removed from the program. $12,424 $0 $12,424 (none) 13985 Virginia VA City of Norfolk Municipality 2018 Local Utility Tax Relief General Economic Development Norfolk Code 45.5-5 City of Norfolk Utility Tax Reduction No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $2,725 $0 $2,725 (none) 13986 Virginia VA City of Norfolk Municipality 2019 Economic Development Program Business attraction/retention/expansion City Council, designated to the City Manager Norfolk, Virginia Personal Property, Real Estate and Business Tangible Property Reimbursement Because taxes are not abated until after the requirements have been made, there is no provisions for recapturing abated taxes $3,664,052 $0 $3,664,052 (none) 14003 Virginia VA City of Norfolk Municipality 2019 Tax Abatement Program Property improvements Norfolk Municipal Code Section 24-203 & Section 27-76 Norfolk, Virginia Property Tax Reduction in assessed value Because taxes are not abated until after the improvements have been made, there is no provisions for recapturing abated taxes $2,919,370 $0 $2,919,370 (none) 14004 Virginia VA City of Norfolk Municipality 2019 New Business License Incentive Program Business attraction/retention/expansion Norfolk Municipal Code Section 24-25.9 and 24-25.2 Norfolk, Virginia Business License Tax Tax reduction If the business estimates its gross receipts will exceed $1 million, but the actual gross receipts are less than $1 million, the benefits of the program are not available unless the business completes the $39,164 $0 $39,164 (none) 14005 Virginia VA City of Norfolk Municipality 2019 Local Utility Tax Relief General Economic Development (EZ) City Ordinance § 45.5-5 Norfolk, Virginia Utility Tax Tax reduction Because taxes are not abated until after the requirements have been made, there is no provisions for recapturing abated taxes $2,916 $0 $2,916 (none) 14006 Virginia VA City of Norfolk Municipality 2020 Tax Abatement Program Property improvements Norfolk Code Section 24-203 & Section 27-76 City of Norfolk Property Tax Reduction in assessed value No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $3,365,594 $0 $3,365,594 (none) 14021 Virginia VA City of Norfolk Municipality 2020 Economic Development Program Business attraction/retention/expansion City Council ordinance City of Norfolk Personal Property Tax; Real Estate and Business Tangible Property Tax Grant No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $3,342,571 $0 $3,342,571 (none) 14022 Virginia VA City of Norfolk Municipality 2021 Tax Abatement Program Property improvements Norfolk Code Section 24-203 & Section 27-76 City of Norfolk Property Tax Reduction in assessed value No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $3,954,103 $0 $3,954,103 (none) 14040 Virginia VA City of Norfolk Municipality 2021 Economic Development Program Business attraction/retention/expansion City Council ordinance City of Norfolk Personal Property Tax; Real Estate and Business Tangible Property Tax Grant No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $2,098,651 $0 $2,098,651 (none) 14041 Virginia VA City of Norfolk Municipality 2022 Tax Abatement Program Property improvements Norfolk Code Section 24-203 & Section 27-76 City of Norfolk Property Tax Reduction in assessed value No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $3,871,560 $0 $3,871,560 (none) https://www.norfolk.gov/DocumentCenter/View/74487/2022-Annual-Comprehensive-Financial-Report-PDF--reissued-033023-to-include-Single-Audit 14061 Virginia VA City of Norfolk Municipality 2022 Economic Development Program Business attraction/retention/expansion City Council ordinance City of Norfolk Personal Property Tax; Real Estate and Business Tangible Property Tax Grant No recapture provisions as taxes are abated after costs have been incurred or targets have been reached (i.e. performance-based awards). $1,317,760 $0 $1,317,760 (none) https://www.norfolk.gov/DocumentCenter/View/74487/2022-Annual-Comprehensive-Financial-Report-PDF--reissued-033023-to-include-Single-Audit 14062 Virginia VA City of Norfolk Municipality 2022 New Business License Incentive Program Business attraction/retention/expansion Norfolk Municipal Code Section 24-25.9 and 24-25.2 City of Norfolk Business License Tax Tax reduction If the business estimates its gross receipts will exceed $1 million, but the actual gross receipts are less than $1 million, the benefits of the program are not available unless the business completes the $5,659 $0 $5,659 (none) https://www.norfolk.gov/DocumentCenter/View/74487/2022-Annual-Comprehensive-Financial-Report-PDF--reissued-033023-to-include-Single-Audit 14063 Virginia VA City of Norfolk Municipality 2022 Local Utility Tax Relief General Economic Development (EZ) Norfolk Code 45.5-5 City of Norfolk Utility Tax Tax reduction Because taxes are not abated until after the requirements have been made, there is no provisions for recapturing abated taxes $2,393 $0 $2,393 (none) https://www.norfolk.gov/DocumentCenter/View/74487/2022-Annual-Comprehensive-Financial-Report-PDF--reissued-033023-to-include-Single-Audit 14064 22