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 development
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)