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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 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 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
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
South Orange-Maplewood School DistrictSchool District$9,172,301
South River Borough School DistrictSchool District$233,356
South River School DistrictSchool District$327,621
Sparta Township School DistrictSchool District$612,829
Spotswood School DistrictSchool District$364,281
Toms River Regional School DistrictSchool District$1,506,196
Township Of Union School DistrictSchool District$956,325
Trenton School DistrictSchool District$16,365,779
Upper Deerfield Township School DistrictSchool District$147,369
Wall Township School DistrictSchool District$211,200
Washington Township School DistrictSchool District$757,827
Wayne Township School DistrictSchool District$2,642,759
West Morris Regional High School DistrictSchool District$13,785
West Windsor-Plainsboro Regional School DistrictSchool District$2,192,308
West Windsor-Plainsboro School DistrictSchool District$225,924
Westampton Township School DistrictSchool District$440,656
Westville Boro School DistrictSchool District$3,976
Wharton Borough School DistrictSchool District$968,871
Willingboro School DistrictSchool District$1,116,770
Willingboro Township School DistrictSchool District$178,782
Winslow Township School DistrictSchool District$2,946,516
TABULATED JURISDICTION TOTAL$1,629,359,645