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Missouri 2018 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
Missouri Low Income Housing Tax Credit	Affordable housing	$169,139,000
Missouri Quality Jobs	Job creation/retention	$68,229,000
Historic Preservation Tax Credit	Historic preservation	$56,483,000
Missouri Works - Business Incentives	Job creation/retention	$56,399,000
Missouri Manufacturing Jobs Act	Manufacturing	$15,638,000
Business Use Incentives for Large-Scale Development	Infrastructure	$9,818,000
Business Facility Tax Credit	Job creation/retention; capital investment	$6,330,000
Missouri Works New Jobs Training	Workforce development	$5,600,000
Enhanced Enterprise Zone (EZ)	Economic development (EZ)	$5,569,000
Missouri Works Job Retention Training	Workforce development	$3,521,000
Neighborhood Preservation Tax Credit	Construction/rehabilitation	$3,293,000
Brownfield Remediation	Redevelopment/revitalization/renewal	$3,160,000
Amateur Sports Ticket Sales Tax Credit	Sporting event bidding	$1,276,000
Development Tax Credit	Job creation/retention	$542,000
Rebuilding Communities Tax Credit	Community development	$359,000
Chapter 100 Personal Property Tax Exemption	Business incentive	$268,000
Distressed Areas Land Assemblage	Redevelopment/revitalization/renewal	$68,000
Data Center Sales Tax Exemption	Technology (DC)	not reported
TABULATED STATE-LEVEL TOTAL		$405,692,000

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 Missouri, the estimated reporting rate is as follows:

Cities/counties: 34 out of 68 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

School districts: 135 out of 405 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 MO. You can also get a CSV file of the localities in MO that did not make any tax abatement disclosures in their annual financial reports.

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