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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 | 2015

New Jersey 2019 Revenue Lost to Tax Abatement Programs


Population in 2019 : not available
Total Revenue Lost: 
$337,366,351

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 NJ that did not make any tax abatement disclosures in their annual financial reports.

Download results as CSV or XML

State-level programs

Click on the name of a program for more details.

Program Name Program Type Revenue Loss
Angel Investor Tax Credit Program Technology; entrepreneurship $7,700,000
Business Employment Incentive Program Job creation/retention $50,840,000
Business Retention and Relocation Assistance Grant Program Business incentive $0
Economic Redevelopment and Growth Program Debt service $34,379,000
Grow New Jersey Assistance Program Job creation/retention; capital investment $119,445,000
Public Infrastructure Projects Public infrastructure investment $0
Technology Business Tax Certificate Transfer Program Small businesses $60,000,000
Urban Transit Hub Tax Credit Program Transportation $35,972,000
TABULATED STATE-LEVEL TOTAL $308,336,000

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
Elizabeth Municipality $29,030,351
TABULATED LOCALITY AND DISTRICT TOTAL $29,030,351

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 New Jersey, the estimated reporting rate is as follows:

Cities/counties: 26 out of 57 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

School districts: 118 out of 597 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.