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: 
Oklahoma
Reporting Jurisdiction: 
Tulsa Public School District I-1
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Ad Valorem Reimbursement Fund
Program purpose
Economic Development
Statutory authority
Oklahoma Statute Title 62, Section 193
Abating jurisdiction(s)
City of Tulsa
Applicable taxes: 
Ad Valorem Tax
Method of abatement
Payment In Lieu of Tax
Provisions for recapture
(not specified)
Gross revenue loss
$4,200,000
Reimbursement / offset
$4,200,000
Net revenue loss
$0
Type of loss
Passive
Additional notes on dislosure: 
During the year ended June 30, 2019, the amount of foregone tax revenues as a result of this exemption were $4.2 million, all of which was recorded by the district as a receivable at year end.