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Please note that data are cataloged by fiscal years. For more info see our user guide.
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Puerto Rico Revenue Lost to Tax Abatement Programs
Total Revenue Lost: | $14,367,828,700
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State-level or Territory-level programs
Click on the name of a program for more details.
Year | Program Name | Program Type | Gross Revenue Loss |
2019 | Act 135 - 1997, Tax Incentives Law of 1998 | Local Manufacturing Investment | $13,965,800,000 |
2019 | Act 20 - 2012, Export Services | Business Relocation Incentives | $228,700 |
2019 | Act 22 - 2012 Transfers of Investors to Puerto Rico | Investor Relocation Incentives | $324,800,000 |
2019 | Act 225 - 1995, Law on Agricultural Contributive Incentives of PR | Local Agriculture Investment | $100,000 |
2019 | Credit for construction investment in Urban Centers | Construction/Revitalization/Job Creation | $700,000 |
2019 | Credit for investment in film industry development (Act 27 - 2011) | Local Film Industry Investment | $31,400,000 |
2019 | Credit for purchases of products manufactured in Puerto Rico | Local Manufacturing Incentives | $30,700,000 |
2019 | Public Service Physician Internship Stipends | Workforce Development | $2,600,000 |
2019 | Purchase: Tourism Development | Local Tourism Investment | $3,000,000 |
2019 | Tourism Development Investment Credit (Individuals) | Local Tourism Investment | $8,500,000 |
| TABULATED STATE-OR-TERRITORY LEVEL TOTAL | | $14,367,828,700 |
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.