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: 
Yes Oceana APZ-1 Incentives
Program purpose
Business attraction/retention
Statutory authority
VA Code 58.1-3220.1 and 58.3221; Ordinance No. 2786, 9-23-03; Ordinance No. 2932, 3-28-06; VB Code 35-72.1,35,2-11
Abating jurisdiction(s)
Virginia Beach
Applicable taxes: 
Real Estate Tax; Business License Tax and Fees
Method of abatement
Tax rebate
Provisions for recapture
(not specified)
Gross revenue loss
$43,598
Reimbursement / offset
$0
Net revenue loss
$43,598
Type of loss
Active
Additional notes on dislosure: 
(none)