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Eleven States File Bills to Curtail Tax Incentive Poaching

Feb. 22, 2021, 6:06 PM

A campaign to halt “race to the bottom” tax credit bidding wars for corporate relocations is gaining new momentum in state capitols after the idea hit a brick wall in 2020 when legislatures shortened their sessions due to the Covid-19 pandemic.

A coalition of state lawmakers called Monday for the creation of a tax credit non-aggression pact to be called the Phase Out Corporate Giveaways Interstate Compact. States participating in the pact would commit to phasing out certain corporate tax incentive programs, ending cross-state business poaching practices, and implementing a series of economic development best practices, said Florida Rep. Anna ...