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 | 2015
Virginia 2019 Revenue Lost to Tax Abatement Programs
Population in 2019 : not available
Total Revenue Lost:
$102,384,091
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 VA 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 |
|---|---|---|
| Motion Picture Production Tax Credit | Film production | $0 |
| Retail Sales and Use Tax Data Center Exemptions | Data centers | $92,200,000 |
| TABULATED STATE-LEVEL TOTAL | $92,200,000 |
Tabulated localities and districts
Virginia's public schools are component units of cities and counties; most do not have separate financial reporting. The 29 out of 132 that do have no GASB 77 disclosures in their financial reports.
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 |
|---|---|---|
| Newport News | Municipality | $1,787,007 |
| Norfolk | Municipality | $6,625,502 |
| Virginia Beach | Municipality | $1,771,582 |
| TABULATED LOCALITY AND DISTRICT TOTAL | $10,184,091 |
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 Virginia, the estimated reporting rate is as follows:
Cities/counties: 55 out of 241 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 29 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
