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New Jersey Revenue Lost to Tax Abatement Programs

Total Revenue Lost$3,020,896,237

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State-level programs

Click on the name of a program for more details.

YearProgram NameProgram TypeGross Revenue Loss
2017Angel Investor Tax Credit ProgramGeneral Economic Development$9,739,000
2018Angel Investor Tax Credit ProgramTechnology (various)$12,399,000
2019Angel Investor Tax Credit ProgramTechnology (various)$7,700,000
2021Angel Investor Tax Credit ProgramTechnology (various)$14,945,000
2022Angel Investor Tax Credit ProgramTechnology (various)$20,244,000
2018Business Employment Incentive ProgramJob Creation/Retention$8,412,000
2019Business Employment Incentive ProgramJob Creation/Retention$50,840,000
2020Business Employment Incentive ProgramTechnology (various)$45,860,000
2021Business Employment Incentive ProgramTechnology (various)$44,132,000
2022Business Employment Incentive ProgramTechnology (various)$116,433
2017Business Retention and Relocation Assistance Grant Program (BRRAG)General Economic Development$14,766,000
2018Business Retention and Relocation Assistance Grant Program (BRRAG)Business attraction/retention/expansion$13,057,000
2020Business Retention and Relocation Assistance Grant Program (BRRAG)Business attraction/retention/expansion$5,922,000
2017Economic Redevelopment and Growth (ERG) ProgramGeneral Economic Development$8,057,000
2018Economic Redevelopment and Growth (ERG) ProgramDebt service$22,457,000
2019Economic Redevelopment and Growth (ERG) ProgramDebt service$34,379,000
2020Economic Redevelopment and Growth (ERG) ProgramBusiness attraction/retention/expansion$62,523,000
2021Economic Redevelopment and Growth (ERG) ProgramBusiness attraction/retention/expansion$52,248,000
2022Economic Redevelopment and Growth (ERG) ProgramBusiness attraction/retention/expansion$72,032,000
2022Film and Digital Media Tax Credit ProgramFilm, TV, and/or media$7,397,000
2017Grow New Jersey Assistance Program (GROW NJ)General Economic Development$54,451,000
2018Grow New Jersey Assistance Program (GROW NJ)Job Creation/Retention$131,682,000
2019Grow New Jersey Assistance Program (GROW NJ)Job Creation/Retention$119,445,000
2020Grow New Jersey Assistance Program (GROW NJ)Job Creation/Retention$133,126,000
2021Grow New Jersey Assistance Program (GROW NJ)Job Creation/Retention$163,652,000
2022Grow New Jersey Assistance Program (GROW NJ)Job Creation/Retention$222,681,000
2021Other Abatement ProgramsGeneral Economic Development$604,000
2018Public Infrastructure ProjectsInfrastructural development$15,000,000
2020Public Infrastructure Projects; Film and Digital Media Tax Credit Program; Angel Investor Tax Credit ProgramFilm, TV, and/or media$2,380,000
2017Technology Business Tax Certificate Transfer (NOL) ProgramGeneral Economic Development$35,221,000
2018Technology Business Tax Certificate Transfer (NOL) ProgramSmall business development$45,041,000
2019Technology Business Tax Certificate Transfer (NOL) ProgramSmall business development$60,000,000
2020Technology Business Tax Certificate Transfer (NOL) ProgramTechnology (biotech)$60,000,000
2021Technology Business Tax Certificate Transfer (NOL) ProgramTechnology (biotech)$55,831,000
2022Technology Business Tax Certificate Transfer (NOL) ProgramTechnology (biotech)$56,120,000
2017Urban Transit Hub Tax Credit Program (HUB)General Economic Development$86,925,000
2018Urban Transit Hub Tax Credit Program (HUB)Transportation$110,692,000
2019Urban Transit Hub Tax Credit Program (HUB)Transportation$35,972,000
2020Urban Transit Hub Tax Credit Program (HUB)Capital investment$86,454,000
2021Urban Transit Hub Tax Credit Program (HUB)Capital investment$106,385,000
2022Urban Transit Hub Tax Credit Program (HUB)Capital investment$97,436,000

Tabulated localities and districts

Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.

Data includes abatement information for the five most populous cities, counties, and school districts in each state (where available). If no data is shown for these top five jurisdictions, it is because they did not disclose GASB 77 tax abatement information in the Annual Comprehensive Financial Report (ACFR), the amount reported was $0, or the ACFR has not been published yet. Some states include data for additional years and jurisdictions.

Reporting JurisdictionJurisdiction TypeGross Revenue Loss
Hudson CountyCounty$153,644,951
Middlesex CountyCounty$11,157,031
Morris CountyCounty$504,000
City of Asbury ParkMunicipality$1,725,800
City of CliftonMunicipality$3,659,520
City of EdisonMunicipality$41,116
City of ElizabethMunicipality$88,920,874
City of MilltownMunicipality$5,824
City of MorristownMunicipality$278,537
City of PassaicMunicipality$1,595,900
City of PhillipsburgMunicipality$937,281
City of RahwayMunicipality$3,536,872
City of SomervilleMunicipality$258,164
City of South AmboyMunicipality$989,155
Jackson TownshipMunicipality$319,580
Jersey CityMunicipality$190,488,237
Montclair TownshipMunicipality$3,807,377
Pennsauken TownshipMunicipality$63,375
Toms River TownshipMunicipality$4,441,759
Wayne TownshipMunicipality$4,119,122
West Orange TownshipMunicipality$2,987,064
Barrington School DistrictSchool District$959,164
Bayonne School DistrictSchool District$16,091,790
Bellmawr School DistrictSchool District$345,433
Bergenfield Borough School DistrictSchool District$248,670
Berlin Borough School DistrictSchool District$91,690
Berlin Township School DistrictSchool District$86,172
Bernards Township School DistrictSchool District$674,559
Bound Brook School DistrictSchool District$1,324,980
Bridgeton City School DistrictSchool District$664,344
Burlington City School DistrictSchool District$57,439
Burlington Township Board of EducationSchool District$1,929,973
Caldwell-West Caldwell School DistrictSchool District$509,981
Chester School DistrictSchool District$24,765
Cinnaminson Township School DistrictSchool District$1,004,523
Clifton School DistrictSchool District$1,776,318
Closter School DistrictSchool District$69,001
Collingswood School DistrictSchool District$3,592,620
Cranford School DistrictSchool District$0
Delanco Township School DistrictSchool District$296,485
Dover School DistrictSchool District$98,002
East Brunswick School DistrictSchool District$473,598
East Brunswick Township School DistrictSchool District$862,908
East Windsor Regional School DistrictSchool District$357,301
Edgewater Park Township School DistrictSchool District$1,465,148
Edison School DistrictSchool District$3,950,714
Elizabeth School DistrictSchool District$36,731,831
Fort Lee School DistrictSchool District$0
Freehold Borough School DistrictSchool District$1,634,376
Freehold Regional High School DistrictSchool District$621,857
Gateway Regional School DistrictSchool District$3,976
Glassboro School DistrictSchool District$15,555,521
Gloucester Township School DistrictSchool District$1,937,535
Hackettstown School DistrictSchool District$200,947
Haddon Heights School DistrictSchool District$218,717
Haddon Township School DistrictSchool District$285,135
Hamilton Township School DistrictSchool District$500,805
Hanover Park Regional High School DistrictSchool District$201,440
Harrison Township School DistrictSchool District$465,128
Highland Park Borough School DistrictSchool District$738,443
Hillsdale School DistrictSchool District$138,762
Hopewell Valley Regional School DistrictSchool District$685,900
Irvington School District DistrictSchool District$244,325
Jackson Township School DistrictSchool District$363,215
Jersey City Public Schools School District$145,370,087
Jersey City School DistrictSchool District$51,950,931
Leonia School DistrictSchool District$197,592
Livingston Board Of EducationSchool District$900,751
Long Branch School DistrictSchool District$2,338,630
Lopatcong Township School DistrictSchool District$103,121
Lower Cape May Regional School DistrictSchool District$220,798
Lower Township Elementary School DistrictSchool District$118,355
Madison Borough School DistrictSchool District$42,459
Madison School DistrictSchool District$688,177
Magnolia School DistrictSchool District$161,013
Maple Shade School DistrictSchool District$830,909
Matawan-Aberdeen Regional School DistrictSchool District$2,136,552
Matawan-Aberdeen School DistrictSchool District$652,599
Merchantville School DistrictSchool District$34,383
Monroe Township School DistrictSchool District$377,704
Montclair School DistrictSchool District$2,795,834
Montclair Township School DistrictSchool District$2,035,695
Morris Hills Regional School DistrictSchool District$585,990
Mount Arlington School DistrictSchool District$156,135
Mount Laurel Township School DistrictSchool District$157,713
Mount Laurel Township School DistrictSchool District$201,679
Mt Olive Township School DistrictSchool District$367,419
Neptune Township School DistrictSchool District$615,718
Newton School DistrictSchool District$3,060,660
North Brunswick Township School DistrictSchool District$2,164,714
Park Ridge School DistrictSchool District$75,162
Parsippany-Troy Hills Township School DistrictSchool District$726,179
Passaic City School DistrictSchool District$2,638,133
Pennsauken Township Board Of Education School DistrictSchool District$435,413
Pequannock Township School DistrictSchool District$138,345
Princeton School DistrictSchool District$5,916,867
Rancocas Valley Regional High SchoolSchool District$15,856
Salem City School DistrictSchool District$349,744
Salem School DistrictSchool District$36,280
Sayreville School DistrictSchool District$3,967,346
Scotch Pines-Fanwood Regional School DistrictSchool District$751,643