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Wisconsin 2017 Revenue Lost to Tax Abatement Programs

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State-level programs

Click on the name of a program for more details.

Program Name	Program Type	Revenue Loss
Historical Preservation Tax Credit	Historic Preservation	$28,600,000
Business Development Credit	Economic development	$26,600,000
Qualified New Business Venture	Economic development	$12,800,000
Enterprise Zone Tax Credits	Economic development	$8,800,000
Historic Homeowners Tax Credit	Historic Preservation	$1,200,000
Development Opportunity Zone Tax Credit	Economic development	$200,000
TABULATED STATE-LEVEL TOTAL		$78,200,000

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 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.

Reporting Jurisdiction	Jurisdiction Type	Gross Revenue Loss
Madison	Municipality	$19,043,987
Milwaukee	Municipality	$2,582,000
TABULATED LOCALITY AND DISTRICT TOTAL		$21,625,987