Bloomberg Tax
April 5, 2022, 8:55 AM

Hidden Tax Breaks Still Used by Many States to Lure Big Business

Michael J. Bologna
Michael J. Bologna
Staff Correspondent

More than a third of state economic development agencies still hide details of the big-dollar deals they make to lure business investments, even though public disclosure of tax subsidy programs is improving in most jurisdictions.

Tax policy think tank Good Jobs First reported Tuesday that 62% of the 250 agencies administering business incentives disclose reasonable information about companies that receive state-sponsored tax benefits. Only 55% of agencies received a passing grade when the study was last conducted in 2014.

Ninety-six of ...

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