Gqseb-77

: Disclosures of revenue lost because of tax abatement agreements entered into by other governments (e.g., a school district losing revenue due to a city's tax break). Definition of a Tax Abatement

"gqseb-77" appears to be a typo or variation of , which refers to Statement No. 77 on Tax Abatement Disclosures issued by the Governmental Accounting Standards Board (GASB) . Core Purpose of GASB 77 gqseb-77

: The total dollar amount of tax revenue reduced or foregone during the reporting period. : Disclosures of revenue lost because of tax

Under GASB 77, a tax abatement is defined by its , not just its legal form or title. It must involve: gqseb-77

Governments must include the following details in the notes to their financial statements: