From: | Lenny Siegel <lsiegel@cpeo.org> |
Date: | Sun, 7 Mar 2010 23:20:34 -0800 (PST) |
Reply: | cpeo-brownfields |
Subject: | [CPEO-BIF] Michigan "tax incentive programs not effective" |
Study: MEGA, other state tax incentive programs not effective By Amy Lane Crain's Detroit Business March 4, 2010A study released Thursday cites some key Michigan tax incentive programs as ineffective in producing jobs and tax revenue, compared with what would result from a change in tax rates. The study by Anderson Economic Group L.L.C., commissioned by the Michigan Education Association and the National Education Association, names the Michigan Economic Growth Authority program, the renaissance zone program and Michigan's incentives to attract the film industry as ineffective in that they resulted in fewer jobs and less tax revenue than would be produced from an alternative tax policy like a lower overall tax rate. ...Programs like the brownfield incentives could be improved by tightening qualification standards for brownfield projects and shifting incentives given to blighted and functionally obsolete projects to other programs, the study said. ... For the entire article, see http://www.crainsdetroit.com/article/20100304/FREE/100309908 -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <lsiegel@cpeo.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org | |
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