Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.
Connecticut 2018 Revenue Lost to Tax Abatement Programs
Population in 2018 : not available
Concerned about the lack of disclosure? We have created institutional schematics for the implementation of GASB Statement No. 77 on Tax Abatement Disclosures in the 50 states and DC: Learn who's in charge of compliance in our ROADMAP PROJECT. You can also get a CSV file of the localities in CT that did not make any tax abatement disclosures in their annual financial reports.
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Connecticut Neighborhood Assistance Act Credit Program||Community development||$3,463,307|
|Enterprise Zone (EZ) Property Tax Reimursement Program||Economic development (EZ)||not reported|
|Film, Television, and Digital Media Tax Program||Film production||$80,197,846|
|Historic Preservation Tax Credit Program||Historic preservation||$4,228,078|
|Historic Rehabilitation Tax Credit Program||Historic preservation||$28,380,188|
|Historic Structures Rehabilitation Tax Credit Program||Historic preservation||$15,502,482|
|Insurance Reinvestment Fund Program||Employment||$19,955,940|
|Research and Development Expenditures||R&D||$6,463,375|
|Urban and Industrial Sites Tax Program||Redevelopment/revitalization/renewal||$43,919,908|
|TABULATED STATE-LEVEL TOTAL||$202,111,124|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
Local government reporting rate
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Connecticut, the estimated reporting rate is as follows:
Cities/counties: 44 out of 171 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 23 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.