Money for Nothing: Industrial Tax Abatements and Economic Development by Laura A. Reese - PDF free download eBook

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  • Published: Sep 07, 2015
  • Reviews: 221

Brief introduction:

Tax incentives are a mainstay of state and local economic development strategies and have been so for decades. Evaluations of their effectiveness have provided mixed results and few recommendations that have been translated into actual policy...

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Details of Money for Nothing: Industrial Tax Abatements and Economic Development

ISBN
9780739166628
Publication date
Age range
18+ Years
Book language
GB
Pages
190
Format
PDF, DOC, EPUB, RTF
Quality
High quality scanned pages
Dimensions
6.00 (w) x 9.10 (h) x 0.70 (d)
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Some brief overview of this book

Tax incentives are a mainstay of state and local economic development strategies and have been so for decades. Evaluations of their effectiveness have provided mixed results and few recommendations that have been translated into actual policy modifications. Since the mid-1970s, the State of Michigan has allowed local governments to grant substantial property tax abatements for new investments in real and personal industrial property. The program has been extremely popular, with more than 400 different municipalities granting a total of over 17,000 abatements. Despite its prominence, the program has been subject to only limited analysis at either the State or local level. This book systematically evaluates several different dimensions of industrial property tax abatements:

The book utilizes a number of analytical techniques, including GIS, regression, factor, and shift-share analyses. While the data are drawn from a single state, they represent the complete history of the tax abatement program in a state that has allowed widespread use of local tax incentives. Thus, findings about the effectiveness, efficiency, and equity of local industrial tax abatements are applicable to local and state governments across the country. Further, findings about tax abatements are instructive for most financial or tax incentive schemes.

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A few words about book author

Laura A. Reese is professor of political science and director of the Global Urban Studies Program (GUSP) at Michigan State University. Gary Sands is associate professor emeritus in the Department of Urban Studies and Planning at Wayne State University in Detroit, Michigan.

different municipalities granting a total of over 17,000 abatements. Despite its prominence, the program has been subject to only limited analysis at either the State or local level. This book systematically evaluates several different dimensions of industrial property tax abatements:

The book utilizes a number of analytical techniques, including GIS, regression, factor, and shift-share analyses. While the data are drawn from a single state, they represent the complete history of the tax abatement program in a state that has allowed widespread use of local tax incentives. Thus, findings about the effectiveness, efficiency, and equity of local industrial tax abatements are applicable to local and state governments across the country. Further, findings about tax abatements are instructive for most financial or tax incentive schemes.

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