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New Financial Disclosure Required for Tax Abatements

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Reviewed Date: October 29, 2018

Original Author: 
Stegall, Kay
Date of Material: 
Dec 5, 2016


Subjects:
Financial disclosure
Finance--Tax increment financing
Finance--Municipal
Taxes--Payment in lieu of taxes
Taxation--Municipal
Economic development
Industrial development--Boards
Industrial recruitment and retention

New Financial Disclosure Required for Tax Abatements

Summary: 
A tax abatement per GASB may not be the same as the legal definition of a tax abatement in Tennessee law, but remember that GASB's definition is for external financial reporting purposes.

Attachment(s):

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