ANNOUNCEMENT 01 Jun 2013

In June 2013, 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.
J. Scott Trubey, "Carpet jobs cost Ga. $44K each," The Atlanta Journal-Constitution (May 9, 2013)


Inception date: 01 Jun 2013 | Removal date: open ended
Still in force

Tax or social insurance relief

 In 2013 state and local governments in Georgia provided an incentives package to Engineered Floors for a carpet manufacturing facility. In addition to local subsidies (property tax abatements, infrastructure upgrades and road work) the state level subsidies include: $60 million in job creation tax credits, $22 million in sales tax exemptions for machinery, $6 million grant from the OneGeorgia Authority, $4.5 million in sales tax exemptions for construction materials, and $3.4 million in energy tax exemptions. 
 
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