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
Tennessee 2019 Revenue Lost to Tax Abatement Programs
Total Revenue Lost:
$237,193,327
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or XML
or XML
State-level programs
Click on the name of a program for more details.
| Program Name | Program Type | Revenue Loss |
|---|---|---|
| Community Investment Program | Affordable housing | $39,764,000 |
| Data Center Program | Data centers | not reported |
| Headquarters and Other Qualified Facilities Program | Job creation | $3,469,000 |
| Industrial Machinery Program | Machinery/equipment | $50,905,000 |
| Job Creation Program | Job creation | $95,113,000 |
| Small and Rural Development Opportunities Credit Program | Rural development | $1,416,000 |
| Warehouse or Distribution Facility Program | E-commerce | not reported |
| TABULATED STATE-LEVEL TOTAL | $190,667,000 |
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 Tennessee, the estimated reporting rate is as follows:
Cities/counties: 17 out of 138 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 139 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 TN. You can also get a CSV file of the localities in TN that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Tennessee's school districts are component units of cities, though they do produce their own financial reports.
Local government / school district financial audits are posted here.
| Reporting Jurisdiction | Jurisdiction Type | Gross Revenue Loss |
|---|---|---|
| Chattanooga | Municipality | $14,810,532 |
| Clarksville | Municipality | $174,874 |
| Knoxville | Municipality | $5,227,210 |
| Memphis | Municipality | $17,531,000 |
| Nashville | Municipality | $8,782,711 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $46,526,327 |
