ANNOUNCEMENT 11 Aug 2011

In August 2011, a US state government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
August 11, 2011 press release from Johnson Controls available at http://www.prnewswire.com/news-releases/president-obama-visits-new-johnson-controls-saft-advanced-battery-center-in-holland-mich-127541473.html.


Inception date: 11 Aug 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2009 state and local governments in Michigan provided incentives to battery manufacturer Johnson Controls-Saft Advanced Power Solutions. The package included: $100 million in state battery tax credits and $68.5 million in MEGA and other tax credits. The facility also received Renaissance Zone subsidies, the value of which is not available. 
 
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.

AFFECTED SECTORS

 
464

AFFECTED PRODUCTS

 
850610 850640 850650 850660 850680 850690 850710 850720 850730 850740 850750 850760 850780 850790
(+ 4 more)