ANNOUNCEMENT 15 Jun 2009

In June 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.
Leon Stafford, "Grants helped to lure NCR; $13 million brings deal up to $109 million," The Atlanta Journal-Constitution (June 12, 2009)


Inception date: 15 Jun 2009 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2009 state and local governments in Georgia provided an incentives package to National Cash Register for headquarters relocation and an automatic teller machine manufacturing plant. The subsidy package included a $87 million Mega Jobs Tax Credit, which allows the company to retain workers' state payroll taxes; $15 million in training and research assistance; and $8 million from a "deal-closing" fund called Regional Economic Business Assistance or REBA. 
 
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

 

AFFECTED PRODUCTS