New Legislative Group: Coalition to Phase Out Corporate Tax Giveaways

How many state legislatures have had legislation introduced to cease incentives? 13 in 2020

Have the bills moved? Utah has passed the Utah House

What does Coalition to Phase Out Corporate Tax Giveaways want in the legislation?

• bipartisan
• multi state compact
• cessation of corporate incentives

Are there exceptions in the legislation? Yes

•  local governments may offer their own tax breaks
•  allows states to offer incentives to in state companies

Why stop corporate incentives?

• State incentives results in states cannibalizing each other
• Studies show incentives are ineffective at growing companies and creating more jobs

Bisnow | A State Lawmaker Group Against Relocation Incentives Is Gaining Steam. So Are The Incentives.