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:
Tourism Development Financing Program (TDFP) Cavalier
Program purpose:
Financing
:
Statutory authority:
VA Code 58.1-3851.1; City Code Chapter 35.4
:
Abating jurisdiction(s):
Virginia Beach, Virginia
:
Applicable taxes:
Local Sales Tax
Method of abatement:
Reimbursement
:
Provisions for recapture:
(not specified)
:
Gross revenue loss:
$1,070,896
:
Reimbursement / offset:
$0
:
Net revenue loss:
$1,070,896
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
