ANNOUNCEMENT 01 Jun 2011

In June 2011, a local US government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx. Matthew Watkins, "A big price tag," Dallas Morning News (March 3, 2013).


Inception date: 01 Jun 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

Denton County, Texas and a local city (The Colony) extended incentives worth $802 million to Nebraska Furniture Mart in 2011 for a furniture megastore and its surrounding development. The project received both tax increment financing from the county and assistance via the city's creation of a tax-increment reinvestment zone. 
 
A general concern about these submissions is that they may distortinter-state rather than inter-national commerce. Sure, they makeproduction less costly and thus potentially lower domestic marketprices.
As no official source could be obtained, this measure is coded "amber".

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A