Counting every dollar in tax incentives
Virginia can learn from North Carolina and other states that have more effective policies to ensure taxpayer-funded credits are getting results.
Virginia leaders who read last week’s report from the Pew Center on the States about tax incentives have a choice. They can feel satisfied that many states do a poorer job than the commonwealth in evaluating tax breaks for manufacturing, film production, coal and other businesses. Or they can look for ideas to make Virginia’s policies better.
They don’t have to look far. North Carolina was among 13 states that won a gold star for strong, data-driven evaluation of their tax incentives. Virginia is one of 12 states whose vetting process yielded mixed results, according to the study.