Governments must include the following details in the notes to their financial statements:
An agreement between one or more governments and an individual or entity. A promise by the government to forgo certain tax revenues. gqseb-77
: The total dollar amount of tax revenue reduced or foregone during the reporting period. Governments must include the following details in the
For detailed state-specific roadmaps or to track these disclosures across different jurisdictions, you can visit the Tax Abatement Tracker provided by Good Jobs First . Tax Abatement Disclosures (GASB 77) - Good Jobs First gqseb-77
: A brief description of the tax abatement programs, including the names and purposes.
: Descriptions of any other commitments the government made as part of the abatement agreement beyond tax reductions.