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Minnesota 2019 Revenue Lost to Tax Abatement Programs

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State-level programs

Click on the name of a program for more details.

Program Name	Program Type	Revenue Loss
Biopharmaceutical Manufacturing Facility Program	Biopharmaceuticals	not reported
Angel Tax Credit Program	Capital investment	$6,470,000
Border City Enterprise Zones Program	Economic development (EZ)	$312,000
Historic Structure Rehabilitation Credit Program	Historic preservation	not reported
Greater MN Job Expansion Program	Job creation	not reported
Job Opportunity Building Zones Program	Job creation	not reported
TABULATED STATE-LEVEL TOTAL		$6,782,000

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 Minnesota, the estimated reporting rate is as follows:

Cities/counties: 64 out of 114 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

School districts: 5 out of 294 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 MN. You can also get a CSV file of the localities in MN that did not make any tax abatement disclosures in their annual financial reports.

Why is there little or no reporting from school districts?: Minnesota school districts issue "tax abatement bonds." These effectively shift the cost of tax abatements to other taxpayers, so there is no overall foregone revenue for the districts.

The state does not post local financial audits in an online repository.