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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 sort icon
Montclair School DistrictSchool District$2,795,834
Winslow Township School DistrictSchool District$2,946,516
West Orange TownshipMunicipality$2,987,064
Newton School DistrictSchool District$3,060,660
City of RahwayMunicipality$3,536,872
Collingswood School DistrictSchool District$3,592,620
City of CliftonMunicipality$3,659,520
Montclair TownshipMunicipality$3,807,377
Edison School DistrictSchool District$3,950,714
Sayreville School DistrictSchool District$3,967,346
Wayne TownshipMunicipality$4,119,122
Toms River TownshipMunicipality$4,441,759
Princeton School DistrictSchool District$5,916,867
City of TrentonMunicipality$8,470,740
South Orange-Maplewood School DistrictSchool District$9,172,301
City of CamdenMunicipality$10,780,902
Middlesex CountyCounty$11,157,031
Glassboro School DistrictSchool District$15,555,521
Bayonne School DistrictSchool District$16,091,790
Trenton School DistrictSchool District$16,365,779
Elizabeth School DistrictSchool District$36,731,831
City of ElizabethMunicipality$116,700,618
Hudson CountyCounty$309,063,538
Jersey City Public Schools School District$381,659,212
Jersey CityMunicipality$586,471,656
TABULATED JURISDICTION TOTAL$1,629,359,645