Wisconsin 2019 Revenue Lost to Tax Abatement Programs
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Enterprise Zone Tax Credit||Economic development (EZ)||$67,800,000|
|Historical Preservation Tax Credit||Historic preservation||$27,400,000|
|Business Development Credit (also includes the Economic Development and Jobs Tax Credit programs)||Job creation; capital investment||$24,800,000|
|Qualified New Business Venture||Research and development||$8,400,000|
|Historical Homeowners Tax Credit||Historic preservation||$1,300,000|
|Development Opportunity Zone Tax Credit||Business expansion||$700,000|
|Electronics and Information Technology Manufacturing Zone Tax Credit||Job creation (Foxconn)||not reported|
|Low Income Housing Tax Credit||Affordable housing||not reported|
|TABULATED STATE-LEVEL TOTAL||$130,400,000|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
For Wisconsin, the estimated reporting rate is as follows:
Cities/counties: 16 out of 105 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 1 out of 212 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 WI. You can also get a CSV file of the localities in WI that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: Wisconsin's local governments rely on tax increment financing (TIF); some TIF diversions should be but are not currently covered by GASB 77.
The state does not post local financial audits in an online repository.