According to a 2019 report from the Utah Foundation, state and local tax incentives are often seen as controversial. Critics view them as public subsidies that distort true economic growth and cause local governments to (at least for a time) forgo tax revenue. Proponents see certain tax credits as a necessary tool to spur development when the private sector can’t.
The nonpartisan, nonprofit public policy research firm says the post-performance tax incentives carry less risk for the governments, because they typically receive benefits before paying out any financial incentive.
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