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:
Colorado
Reporting Jurisdiction:
Colorado
Jurisdiction type
:
State

Fiscal year ending In:
2018
Program name:
Regional Tourism Act (TIF)
Program purpose
:
Tourism; Economic development (TIF)

Statutory authority
:
Colorado Revised Statutes Sections 24-46-301 through 309

Abating jurisdiction(s)
:
State of Colorado

Applicable taxes:
Property Tax; Sales Tax
Method of abatement
:
Tax abatement - TIF

Provisions for recapture
:
The provision for recapturing abated taxes is a formal decision by the EDC concluding the project has not commenced within five years.

Gross revenue loss
:
$6,398,000

Reimbursement / offset
:
$0

Net revenue loss
:
$6,398,000

Type of loss
:
Active

Additional notes on dislosure:
(none)