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:
2018
Program name:
ViBE Creative District
Program purpose:
Economic development
:
Statutory authority:
(data not yet retrieved)
:
Abating jurisdiction(s):
Virginia Beach
:
Applicable taxes:
Real Estate Tax
Method of abatement:
(data not yet retrieved)
:
Provisions for recapture:
(not specified)
:
Gross revenue loss:
not reported
:
Reimbursement / offset:
not reported
:
Net revenue loss:
not reported
:
Type of loss:
(N/A - no disclosure)
:
Additional notes on dislosure:
Only one company receives this abatement, so city, citing state law, refuses to disclose amount of subsidy in order to protect business privacy.
