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: 
Utah
Reporting Jurisdiction: 
Utah
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
Economic Development Tax Increment Financing (TIF)
Program purpose
Job creation/retention; Economic development
Statutory authority
(not specified)
Abating jurisdiction(s)
State of Utah
Applicable taxes: 
(not specified)
Method of abatement
Tax credit
Provisions for recapture
The recipient is required to pay back some or all of the benefits received.
Gross revenue loss
$5,753,000
Reimbursement / offset
$0
Net revenue loss
$5,753,000
Type of loss
Active
Additional notes on dislosure: 
(none)