IMPLEMENTATION LEVEL
SubnationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
firm-specificJUMBO
NoTARIFF PEAK
NoTax or social insurance relief
In 2013 the state of Kentucky offered to Toyota under the Kentucky Jobs Retention Act tax credits in connection with the company's plan to begin building the Lexus ES350 at its manufacturing complex in Georgetown. The estimated value of the credit is $146,500,000.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
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