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

 
621 622

AFFECTED PRODUCTS

 
N/A