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
Population in 2019 : not available
Total Revenue Lost:
$218,316,118
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 KY that did not make any tax abatement disclosures in their annual financial reports.
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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.
| 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 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $32,517,118 |
Local government reporting rate
We estimated the reporting rate among local governments for each state using 2018 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: 4 out of 156 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
