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.
2019 | 2018 | 2017 | 2016
Kentucky 2019 Revenue Lost to Tax Abatement Programs
Total Revenue Lost:
$219,482,706
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or XML
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State-level programs
Click on the name of a program for more details.
| Program Name | Program Type | Revenue Loss |
|---|---|---|
| Kentucky Business Investment (KBI) | Business expansion | $30,016,000 |
| Kentucky Film Industry Tax Credit | Film production | $12,571,000 |
| Kentucky Industrial Development Act (KIDA) | Manufacturing expansion | not reported |
| Kentucky Industrial Revitalization Act (KIRA) | Industrial development | not reported |
| Kentucky Jobs Development Act (KJDA | Job creation | not reported |
| Kentucky Reinvestment Act (KRA) | Manufacturing expansion | not reported |
| Kentucky Rural Economic Development Act (KREDA) | Manufacturing expansion | $25,432,000 |
| Kentucky Tourism Development Act | Tourism development | $6,281,000 |
| Tax Increment Financing (TIF) | Economic development (TIF) | $32,416,000 |
| Various Other Incentives (below reporting threshold) | Economic development | $10,000,000 |
| Various Other Incentives (confidential) | Economic development | $69,083,000 |
| TABULATED STATE-LEVEL TOTAL | $185,799,000 |
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 Kentucky, the estimated reporting rate is as follows:
Cities/counties: 7 out of 23 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 3 out of 173 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 KY. You can also get a CSV file of the localities in KY that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Kentucky shields school districts' revenues from tax increment financing (TIF). GASB has not specified whether industrial development bonds (IDBs) count as tax abatements.
Local government / school district financial audits are posted here.
| Reporting Jurisdiction | Jurisdiction Type | Gross Revenue Loss |
|---|---|---|
| Bowling Green | Municipality | $17,840,330 |
| Covington | Municipality | $531,954 |
| Lexington-Fayette | Municipality | $1,448,550 |
| Louisville | Municipality | $12,696,284 |
| Bullitt County School District | School district | $869,744 |
| Newport Independent School District | School district | $0 |
| Shelby County School District | School district | $296,844 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $33,683,706 |
