Past Meeting - Reconsidering Economic Development Tax Incentives

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State and local governments spend more than $30 billion each year on economic development tax incentives. The amount of incentives awarded has increased substantially over the past decade and now exceeds corporate income tax revenues in some states. These incentives have been the subject of academic criticism for decades and recently a growing number of elected officials have begun to question their efficacy. Critics have recognized that incentives often are enacted with little information to predict their cost, and remain in place year after year removed from the scrutiny of the budget appropriation process. Yet even incentives skeptics have been unwilling to unilaterally abandon their use for fear of putting their state at a competitive disadvantage. In this web program, four distinguished thought leaders will discuss the current state of economic development tax incentives, explore measures that states can adopt to evaluate incentives, increase their efficiency and impose budgetary discipline, and describe possible tools available to states if they wish to end the competitive use of incentives without placing themselves at a disadvantage. This program is free and open to the public.

PRESENTERS

Hon., Anna Eskamani—member of the Florida House of Representatives and sponsor of legislation to cause her state to join a multistate tax compact prohibiting certain tax incentives

Robert Plattner--former Deputy Commissioner for Tax Policy at the NY Dept of Taxation and Finance

Alison Wakefield--Associate Manager, Fiscal and Economic Policy, State Fiscal Health at The Pew Charitable Trusts

Prof. Joann Weiner—Professor of Economics and Director of the Applied Economics graduate program at George Washington University, and an expert on tax policy and law in the European Union

MODERATOR

Brian Hamer--MTC counsel (previously Director of the Illinois Department of Revenue)

Please register at: https://attendee.gotowebinar.com/register/5203091742402038795. After registering you will receive a confirmation email containing information about joining the training. 
 

Event Location And Time

Thursday, October 1, 2020 Time: 2:00 PM  Add to Outlook

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