An article published by State Tax Notes provides an overview of a panel discussion Bass, Berry & Sims attorney Steve Jasper recently participated in related to trends in state tax incentives. The panelists offered insight on a number of changes, including the strong shift states are making to adjust tax incentives in the global economy. Moving away from traditional credits, states are now more focused on subsidies that companies can realize more immediately, such as cash grants. “There is a bigger focus on getting immediate and certain money. That includes giving exemptions up front,” stated Steve. The panel emphasized the importance of states remaining focused on existing businesses, and not getting too distracted by initiatives attracting outside investment.
The full article, “States Luring Investment with Cash-based Incentives, Panelists Say,” was published by State Tax Notes on November 8, 2017 for its subscribers.
