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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.

2020 | 2019 | 2018 | 2017 | 2016 | 2015

New Jersey 2020 Revenue Lost to Tax Abatement Programs


Total Revenue Lost: 
$426,061,191
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
Business Employment Incentive Program (BEIP) Technology; Job creation/retention $45,860,000
Business Retention and Relocation Assistance Grant Program (BRRAG) Business attraction/retention $5,922,000
Economic Redevelopment and Growth (ERG) Program Business attraction/retention $62,523,000
Grow New Jersey Assistance Program (GROW NJ) Job creation/retention $133,126,000
Public Infrastructure Projects; Film and Digital Media Tax Credit Program; Angel Investor Tax Credit Program Infrastructure; Film, TV, and/or media; Capital investment $2,380,000
Technology Business Tax Certificate Transfer (NOL) Program Technology $60,000,000
Urban Transit Hub Tax Credit Program (HUB) Capital investment $86,454,000
TABULATED STATE-LEVEL TOTAL $396,265,000

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 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: 121 out of 562 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 NJ. 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.

Local government / school district financial audits are posted here.

Reporting Jurisdiction Jurisdiction Type Gross Revenue Loss
Elizabeth Municipality $29,796,191
TABULATED LOCALITY AND DISTRICT TOTAL $29,796,191