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New Jersey Revenue Lost to Tax Abatement Programs


Total Revenue Lost$3,815,683,078

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State-level programs

Click on the name of a program for more details.

YearProgram NameProgram Type sort iconGross Revenue Loss
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
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
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
2018Economic Redevelopment and Growth (ERG) ProgramDebt service$22,457,000
2019Economic Redevelopment and Growth (ERG) ProgramDebt service$34,379,000
2020Public Infrastructure Projects; Film and Digital Media Tax Credit Program; Angel Investor Tax Credit ProgramFilm, TV, and/or media$2,380,000
2022Film and Digital Media Tax Credit ProgramFilm, TV, and/or media$7,397,000
2017Angel Investor Tax Credit ProgramGeneral Economic Development$9,739,000
2017Business Retention and Relocation Assistance Grant Program (BRRAG)General Economic Development$14,766,000
2017Economic Redevelopment and Growth (ERG) ProgramGeneral Economic Development$8,057,000
2017Grow New Jersey Assistance Program (GROW NJ)General Economic Development$54,451,000
2017Technology Business Tax Certificate Transfer (NOL) ProgramGeneral Economic Development$35,221,000
2017Urban Transit Hub Tax Credit Program (HUB)General Economic Development$86,925,000
2021Other Abatement ProgramsGeneral Economic Development$604,000
2018Public Infrastructure ProjectsInfrastructural development$15,000,000
2018Business Employment Incentive ProgramJob Creation/Retention$8,412,000
2018Grow New Jersey Assistance Program (GROW NJ)Job Creation/Retention$131,682,000
2019Business Employment Incentive ProgramJob Creation/Retention$50,840,000
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
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
2018Angel Investor Tax Credit ProgramTechnology (various)$12,399,000
2019Angel Investor Tax Credit ProgramTechnology (various)$7,700,000
2020Business Employment Incentive ProgramTechnology (various)$45,860,000
2021Angel Investor Tax Credit ProgramTechnology (various)$14,945,000
2021Business Employment Incentive ProgramTechnology (various)$44,132,000
2022Angel Investor Tax Credit ProgramTechnology (various)$20,244,000
2022Business Employment Incentive ProgramTechnology (various)$116,433
2018Urban Transit Hub Tax Credit Program (HUB)Transportation$110,692,000
2019Urban Transit Hub Tax Credit Program (HUB)Transportation$35,972,000
TABULATED STATE-LEVEL TOTAL$2,186,323,433

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 sort icon
Cranford School DistrictSchool District$0
Fort Lee School DistrictSchool District$0
Gateway Regional School DistrictSchool District$3,976
Westville Boro School DistrictSchool District$3,976
City of MilltownMunicipality$5,824
West Morris Regional High School DistrictSchool District$13,785
Rancocas Valley Regional High SchoolSchool District$15,856
Chester School DistrictSchool District$24,765
Merchantville School DistrictSchool District$34,383
Salem School DistrictSchool District$36,280
City of EdisonMunicipality$41,116
Madison Borough School DistrictSchool District$42,459
Burlington City School DistrictSchool District$57,439
Pennsauken TownshipMunicipality$63,375
Closter School DistrictSchool District$69,001
Park Ridge School DistrictSchool District$75,162
Berlin Township School DistrictSchool District$86,172
Berlin Borough School DistrictSchool District$91,690
Dover School DistrictSchool District$98,002
Lopatcong Township School DistrictSchool District$103,121
Lower Township Elementary School DistrictSchool District$118,355
Somerdale School DistrictSchool District$130,863
Pequannock Township School DistrictSchool District$138,345
Hillsdale School DistrictSchool District$138,762
Upper Deerfield Township School DistrictSchool District$147,369
Mount Arlington School DistrictSchool District$156,135
Mount Laurel Township School DistrictSchool District$157,713
Magnolia School DistrictSchool District$161,013
Willingboro Township School DistrictSchool District$178,782
Leonia School DistrictSchool District$197,592
Hackettstown School DistrictSchool District$200,947
Hanover Park Regional High School DistrictSchool District$201,440
Mount Laurel Township School DistrictSchool District$201,679
Wall Township School DistrictSchool District$211,200
Haddon Heights School DistrictSchool District$218,717
Lower Cape May Regional School DistrictSchool District$220,798
West Windsor-Plainsboro School DistrictSchool District$225,924
South River Borough School DistrictSchool District$233,356
Irvington School District DistrictSchool District$244,325
Bergenfield Borough School DistrictSchool District$248,670
City of SomervilleMunicipality$258,164
City of MorristownMunicipality$278,537
Haddon Township School DistrictSchool District$285,135
Delanco Township School DistrictSchool District$296,485
Jackson TownshipMunicipality$319,580
South River School DistrictSchool District$327,621
Bellmawr School DistrictSchool District$345,433
Salem City School DistrictSchool District$349,744
East Windsor Regional School DistrictSchool District$357,301
Jackson Township School DistrictSchool District$363,215
Spotswood School DistrictSchool District$364,281
Mt Olive Township School DistrictSchool District$367,419
Monroe Township School DistrictSchool District$377,704
Pennsauken Township Board Of Education School DistrictSchool District$435,413
Westampton Township School DistrictSchool District$440,656
Harrison Township School DistrictSchool District$465,128
East Brunswick School DistrictSchool District$473,598
Hamilton Township School DistrictSchool District$500,805
Morris CountyCounty$504,000
Caldwell-West Caldwell School DistrictSchool District$509,981
Morris Hills Regional School DistrictSchool District$585,990
Sparta Township School DistrictSchool District$612,829
Neptune Township School DistrictSchool District$615,718
Freehold Regional High School DistrictSchool District$621,857
Matawan-Aberdeen School DistrictSchool District$652,599
Bridgeton City School DistrictSchool District$664,344
Bernards Township School DistrictSchool District$674,559
Hopewell Valley Regional School DistrictSchool District$685,900
Madison School DistrictSchool District$688,177
Parsippany-Troy Hills Township School DistrictSchool District$726,179
Highland Park Borough School DistrictSchool District$738,443
Scotch Pines-Fanwood Regional School DistrictSchool District$751,643
Washington Township School DistrictSchool District$757,827
Scotch Plains-Fanwood School DistrictSchool District$790,149
Maple Shade School DistrictSchool District$830,909
East Brunswick Township School DistrictSchool District$862,908
Livingston Board Of EducationSchool District$900,751
City of PhillipsburgMunicipality$937,281
Township Of Union School DistrictSchool District$956,325
Barrington School DistrictSchool District$959,164
Wharton Borough School DistrictSchool District$968,871
City of South AmboyMunicipality$989,155
Cinnaminson Township School DistrictSchool District$1,004,523
Willingboro School DistrictSchool District$1,116,770
Bound Brook School DistrictSchool District$1,324,980
Edgewater Park Township School DistrictSchool District$1,465,148
Toms River Regional School DistrictSchool District$1,506,196
City of PassaicMunicipality$1,595,900
Freehold Borough School DistrictSchool District$1,634,376
City of Asbury ParkMunicipality$1,725,800
Clifton School DistrictSchool District$1,776,318
Burlington Township Board of EducationSchool District$1,929,973
Gloucester Township School DistrictSchool District$1,937,535
Montclair Township School DistrictSchool District$2,035,695
Matawan-Aberdeen Regional School DistrictSchool District$2,136,552
North Brunswick Township School DistrictSchool District$2,164,714
West Windsor-Plainsboro Regional School DistrictSchool District$2,192,308
Long Branch School DistrictSchool District$2,338,630
Passaic City School DistrictSchool District$2,638,133
Wayne Township School DistrictSchool District$2,642,759
Montclair School DistrictSchool District$2,795,834
TABULATED JURISDICTION TOTAL$1,629,359,645