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
Rhode Island 2019 Revenue Lost to Tax Abatement Programs
Total Revenue Lost:
$49,935,141
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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
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 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 4 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 RI. 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.
Why is there little or no reporting from school districts?: Rhode Island is a New England state: Local school districts do not produce financial audits (only the few regionalized ones do).
The state does not post local financial audits in an online repository.
| 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 |
