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 | 2016
Utah 2019 Revenue Lost to Tax Abatement Programs
Total Revenue Lost:
$35,030,577
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or XML
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State-level programs
Click on the name of a program for more details.
| Program Name | Program Type | Revenue Loss |
|---|---|---|
| Economic Development Tax Increment Financing (EDTIF) | Economic development (TIF) | $9,117,000 |
| Motion Picture Incentive Program (MPIP) | Film production | $16,404,000 |
| New Markets Credit Program (NMTC) | Capital investment | $6,000,000 |
| Utah Rural Jobs Act Program (URJA) | Job creation | $0 |
| TABULATED STATE-LEVEL TOTAL | $31,521,000 |
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 Utah, the estimated reporting rate is as follows:
Cities/counties: 5 out of 31 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 1 out of 41 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 UT. You can also get a CSV file of the localities in UT that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Utah's local governments rely on tax increment financing (TIF) for economic development; GASB 77's definitional ambiguity has caused under-reporting of TIFs.
Local government / school district financial audits are posted here.
| Reporting Jurisdiction | Jurisdiction Type | Gross Revenue Loss |
|---|---|---|
| Box Elder School District | School district | $3,509,577 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $3,509,577 |
