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.
New York 2017 Revenue Lost to Tax Abatement Programs
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Electric Generation Mitigation Fund||Energy||$2,778,243|
|Empire Zones (EZ)||Economic development||$23,000,000|
|Excelsior Tax Incentives||Business Development||$74,000,000|
|Film & Commercial Production Credit||Economic development||$621,000,000|
|Industrial Development Agencies (IDA)||Economic development||$81,000,000|
|Low-Income Housing Credit||Housing||$35,000,000|
|Qualified Empire Zone Enterprise (QEZE)||Job Preservation||$132,000,000|
|START-UP NY||Business Development||$105,000,000|
|Urban Youth (Youth Works)||Youth Employment||$20,000,000|
|TABULATED STATE-LEVEL TOTAL||$1,239,278,243|
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 York, the estimated reporting rate is as follows:
Cities/counties: 103 out of 134 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 409 out of 655 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 NY. You can also get a CSV file of the localities in NY 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.