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:
2020
Program name:
Tourism Development Financing Program (TDFP) - Cavalier
Program purpose:
Tourism development
:
Statutory authority:
Virginia Code 58.1-3851.1; City Code Chapter 35.4
:
Abating jurisdiction(s):
Virginia Beach
:
Applicable taxes:
Real Estate Tax
Method of abatement:
(not specified)
:
Provisions for recapture:
(not specified)
:
Gross revenue loss:
$1,401,369
:
Reimbursement / offset:
$0
:
Net revenue loss:
$1,401,369
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
