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Puerto Rico Revenue Lost to Tax Abatement Programs


Total Revenue Lost$89,638,579,700

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State-level or Territory-level programs

Click on the name of a program for more details.

YearProgram NameProgram TypeGross Revenue Loss
2017Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$15,691,500,000
2018Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$13,800,000,000
2019Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$13,965,800,000
2020Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$13,497,000,000
2021Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$13,782,300,000
2022Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$15,174,900,000
2017Act 20 - 2012, Export ServicesBusiness Relocation Incentives$111,300,000
2018Act 20 - 2012, Export ServicesBusiness Relocation Incentives$226,000,000
2019Act 20 - 2012, Export ServicesBusiness Relocation Incentives$228,700
2020Act 20 - 2012, Export Services & Act 60 - 2019, Subtitle B Chapter 3Business Relocation Incentives$220,800,000
2021Act 20 - 2012, Export Services & Act 60 - 2019, Subtitle B Chapter 3Business Relocation Incentives$225,600,000
2022Act 20 - 2012, Export Services & Act 60 - 2019, Subtitle B Chapter 3Business Relocation Incentives$248,800,000
2017Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$29,000,000
2018Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$311,000,000
2019Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$324,800,000
2020Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$315,100,000
2021Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$550,100,000
2022Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$600,600,000
2017Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$11,100,000
2018Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$10,800,000
2019Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$100,000
2020Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$100,000
2021Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$100,000
2022Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$100,000
2017Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$1,200,000
2018Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$8,100,000
2019Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$700,000
2020Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$700,000
2021Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$600,000
2022Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$700,000
2017Credit for investment in film industry development (Act 27 - 2011)Local Film Industry Investment$6,000,000
2018Credit for investment in film industry development (Act 27 - 2011)Local Film Industry Investment$41,000,000
2019Credit for investment in film industry development (Act 27 - 2011)Local Film Industry Investment$31,400,000
2020Credit for investment in film industry development (Act 27- 2011 & Act 60-2019)Local Film Industry Investment$30,000,000
2021Credit for investment in film industry development (Act 27- 2011 & Act 60-2019)Local Film Industry Investment$11,700,000
2022Credit for investment in film industry development (Act 27- 2011 & Act 60-2019)Local Film Industry Investment$13,600,000
2017Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$33,300,000
2018Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$30,000,000
2019Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$30,700,000
2020Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$29,700,000
2021Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$30,300,000
2022Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$31,200,000
2017Public Service Physician Internship StipendsWorkforce Development$2,300,000
2018Public Service Physician Internship StipendsWorkforce Development$2,351,000
2019Public Service Physician Internship StipendsWorkforce Development$2,600,000
2020Public Service Physician Internship StipendsWorkforce Development$2,500,000
2021Public Service Physician Internship StipendsWorkforce Development$2,100,000
2022Public Service Physician Internship StipendsWorkforce Development$2,500,000
2017Purchase: Tourism DevelopmentLocal Tourism Investment$2,500,000
2018Purchase: Tourism DevelopmentLocal Tourism Investment$3,000,000
2019Purchase: Tourism DevelopmentLocal Tourism Investment$3,000,000
2020Purchase: Tourism DevelopmentLocal Tourism Investment$2,900,000
2021Purchase: Tourism DevelopmentLocal Tourism Investment$53,700,000
2022Purchase: Tourism DevelopmentLocal Tourism Investment$55,800,000
2017Tourism Development Investment Credit (Individuals)Local Tourism Investment$11,000,000
2018Tourism Development Investment Credit (Individuals)Local Tourism Investment$7,700,000
2019Tourism Development Investment Credit (Individuals)Local Tourism Investment$8,500,000
2020Tourism Development Investment Credit (Individuals)Local Tourism Investment$8,200,000
2021Tourism Development Investment Credit (Individuals)Local Tourism Investment$15,900,000
2022Tourism Development Investment Credit (Individuals)Local Tourism Investment$24,000,000
TABULATED STATE-OR-TERRITORY LEVEL TOTAL$89,638,579,700

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
 
TABULATED JURISDICTION TOTAL$0