States Sharpening Focus on Age-Old Query: What Is the True Impact of Tax Incentives?

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

Bloomberg BNA state tax law editor Jason Plotkin discusses the recent trend in states establishing statutory review of tax incentives for economic development. Recently, several states have passed legislation calling for the ongoing and systematic review of tax incentives for economic development in an attempt to answer the fundamental question of whether the benefits of tax incentives outweigh the costs.