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.
State:
Virginia
Reporting Jurisdiction:
Virginia Beach
Jurisdiction type
:
Municipality

Fiscal year ending In:
2019
Program name:
Public Private Partnerships - 25th Street parking Garage and iFLY
Program purpose
:
Tourism development

Statutory authority
:
Virginia Public-Private Education Facilities and Infrastructure Act of 2002

Abating jurisdiction(s)
:
Virginia Beach, Virginia

Applicable taxes:
Admissions Tax
Method of abatement
:
Tax rebate; reimbursement

Provisions for recapture
:
(not specified)

Gross revenue loss
:
$85,820

Reimbursement / offset
:
$0

Net revenue loss
:
$85,820

Type of loss
:
Active

Additional notes on dislosure:
(none)