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New Jersey Revenue Lost to Tax Abatement Programs


Total Revenue Lost$2,170,681,522

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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 CreditGeneral Economic Development$9,739,000
2019Angel Investor Tax Credit ProgramTechnology (various)$7,700,000
2018Angel Investor Tax Credit ProgramTechnology (various)$12,399,000
2021Angel Investor Tax Credit ProgramTechnology (various)$14,945,000
2017Busi. Retention & Relocation Assistance Grant ProgramGeneral Economic Development$14,766,000
2018Business Employment Incentive ProgramJob Creation/Retention$8,412,000
2019Business Employment Incentive ProgramJob Creation/Retention$50,840,000
2021Business Employment Incentive Program (BEIP)Technology (various)$44,132,000
2020Business Employment Incentive Program (BEIP)Technology (various)$45,860,000
2018Business Retention and Relocation Assistance Grant ProgramBusiness attraction/retention/expansion$13,057,000
2020Business Retention and Relocation Assistance Grant Program (BRRAG)Business attraction/retention/expansion$5,922,000
2017Economic Redev & Growth ProgramGeneral Economic Development$8,057,000
2021Economic Redevelopment and Growth (ERG) ProgramBusiness attraction/retention/expansion$52,248,000
2020Economic Redevelopment and Growth (ERG) ProgramBusiness attraction/retention/expansion$62,523,000
2018Economic Redevelopment and Growth ProgramDebt service$22,457,000
2019Economic Redevelopment and Growth ProgramDebt service$34,379,000
2017Grow New Jersey Assistance ProgramGeneral Economic Development$54,451,000
2019Grow New Jersey Assistance ProgramJob Creation/Retention$119,445,000
2018Grow New Jersey Assistance ProgramJob Creation/Retention$131,682,000
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
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 Bus. Tax Certificate Transfer ProgramGeneral Economic Development$35,221,000
2021Technology Business Tax Certificate Transfer (NOL) ProgramTechnology (biotech)$55,831,000
2020Technology Business Tax Certificate Transfer (NOL) ProgramTechnology (biotech)$60,000,000
2018Technology Business Tax Certificate Transfer ProgramSmall business development$45,041,000
2019Technology Business Tax Certificate Transfer ProgramSmall business development$60,000,000
2017Urban Transit Hub Tax Crdit ProgramGeneral Economic Development$86,925,000
2019Urban Transit Hub Tax Credit ProgramTransportation$35,972,000
2018Urban Transit Hub Tax Credit ProgramTransportation$110,692,000
2020Urban Transit Hub Tax Credit Program (HUB)Capital investment$86,454,000
2021Urban Transit Hub Tax Credit Program (HUB)Capital investment$106,385,000
TABULATED STATE-LEVEL TOTAL$1,710,297,000

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$9,691,284
Morris CountyCounty$504,000
Asbury ParkMunicipality$1,725,800
CliftonMunicipality$3,659,520
EdisonMunicipality$41,116
ElizabethMunicipality$58,826,542
Jackson TownshipMunicipality$319,580
MilltownMunicipality$5,824
Montclair TownshipMunicipality$3,807,377
MorristownMunicipality$278,537
PassaicMunicipality$1,595,900
Pennsauken TownshipMunicipality$63,375
PhillipsburgMunicipality$937,281
RahwayMunicipality$3,536,872
Somerville, NJMunicipality$258,164
South AmboyMunicipality$989,155
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$29,961,952
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 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
Scotch Plains-Fanwood School DistrictSchool district$790,149
Somerdale School DistrictSchool district$130,863
TABULATED JURISDICTION TOTAL$460,384,522