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
Rhode Island 2019 Revenue Lost to Tax Abatement Programs
Population in 2019 : not available
Total Revenue Lost:
$49,935,141
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 RI that did not make any tax abatement disclosures in their annual financial reports.
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State-level programs
Click on the name of a program for more details.
| Program Name | Program Type | Revenue Loss |
|---|---|---|
| Anchor Institution Tax Credit | Business recruitment | $0 |
| Employer's Apprentice Tax Credits | Job training | $0 |
| Enterprise Zone | Economic development (EZ) | $0 |
| Historic Preservation Tax Credits | Historic preservation | $18,998,000 |
| Job Development Act | Job creation | $11,552,000 |
| Job Training Tax Credits | Job training | $505,000 |
| Motion Picture Production Tax Credits | Film production | $2,338,000 |
| Other commitments under tax abatements | Economic development | $2,044,000 |
| Qualified Jobs Incentive Tax Credit | Job creation | $40,000 |
| Rebuild Rhode Island Tax Credit | Business recruitment | $0 |
| Tax Credit for Contributions to Qualified Scholarship Organizations | Education | $1,221,000 |
| Tax Increment Financing | Economic development (TIF) | $256,000 |
| Wavemaker Fellowship | Job creation; job retention; job training | $94,000 |
| TABULATED STATE-LEVEL TOTAL | $37,048,000 |
Tabulated localities and districts
Most of Rhode Island's public schools do not have separate financial reporting. Instead, their financial information is included in the financial statements of municipalities.
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 |
|---|---|---|
| Cranston | Municipality | $242,885 |
| Pawtucket | Municipality | $1,264,256 |
| Providence | Municipality | $11,380,000 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $12,887,141 |
Local government reporting rate
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 Rhode Island, the estimated reporting rate is as follows:
Cities/counties: 18 out of 39 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 3 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
