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.
Indiana 2019 Revenue Lost to Tax Abatement Programs
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Coal Gasification Technology Investment Credit||Job creation; fuel production||$15,000,000|
|Community Revitalization Enhancement District Credit||Community revitalization||$1,059,000|
|Economic Development for a Growing Economy (EDGE) Credit||Job creation; job retention||$66,160,000|
|Hoosier Business Investment Credit||Job creation||$2,651,000|
|Industrial Recovery Credit||Construction/rehabilitation||$70,000|
|Neighborhood Assistance Program Credit||Community development||$1,895,000|
|Research Expense Credit||Research and development||$76,941,000|
|Venture Capital Investment Credit||Capital investment||$4,922,000|
|TABULATED STATE-LEVEL TOTAL||$168,698,000|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
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 Indiana, the estimated reporting rate is as follows:
Cities/counties: 11 out of 78 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 101 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for IN. You can also get a CSV file of the localities in IN that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Indiana's school districts do not use Generally Accepted Accounting Principles (GAAP), so GASB 77 does not apply.
The state does not post local financial audits in an online repository.