ANNOUNCEMENT 13 Aug 2009

In August 2009, a US state government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 13 Aug 2009 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2009 the state of Michigan provided an incentives package to General Motors for battery production. The package consisted of $115 million in battery-pack tax credits; $45 million in vehicle-engineering credits; and another $6.8 million state tax credit.
 
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