ANNOUNCEMENT 01 Dec 2009

In December 2009, a US state 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.
"Mercury Marine offered big incentive package," Green Bay Press-Gazette (September 9, 2009)
Rick Barrett, "Mercury deal could cost state $70 million," Milwaukee Journal-Sentinel (November 6, 2009)


Inception date: 01 Dec 2009 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2009 state and local governments in Wisconsin provided an incentives package to Mercury Marine for a boatbuilding plant. The original package of $53 million, which was offered in the wake of reports that the company might move to Oklahoma, included a $50 million low-interest loan from the county and $3 million from the city. It was later disclosed that the state would provide up to $70 million in refundable tax credits, bringing the size of the total package to $123,000,000. 
 
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.
 
As no official source could be obtained, this measure is coded "amber".

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A