Hollywood Studios Threaten Boycott of Georgia Over Election Law; State Auditor Says It May Not Be A Bad Thing
Georgia has one of the most generous tax benefits in the nation for Hollywood studios filming in the state. Despite that, Hollywood studios are considering boycotting the state after it enacted restrictive voting laws earlier this year. But a 2020 analysis from the...When States Turn a Critical Eye Toward Their Incentives, They Improve Effectiveness
Throughout 2020, state governments re-evaluated their economic development incentive programs, sometimes replacing them entirely. States who looked hard at their programs ended up improving their effectiveness at creating economic activity, according to Pew: Even as...Politically Connected Firms Get Larger, More Frequent Incentives: New Study
New research shows that politically connected firms pull in larger incentives from U.S. state governments, and receive them more frequently. Firms that made campaign donations to state politicians were 400% more likely to receive an award, and the award was 63%...FoxConn’s Incentives Gutted, State Contract Reworked After Failing to Deliver Jobs
Wisconsin has reworked its contract with Foxconn, slashing the firm’s possible incentives from nearly $3 billion down to $80 million. From BizTimes: The renegotiated contract between Foxconn Technology Group and the state of Wisconsin offers the company up to...SALT Deduction Cap Takes Center Stage in Infrastructure Talks
Whether to repeal the SALT cap has become the crux of negotiations between Democrats and Republicans trying to hash out an infrastructure package. CBS News with details: The state and local tax deduction cap — commonly known as SALT — was enacted as part of President...