5.4 Make the tax structure more simple, competitive, and predictable by addressing the use of tax-based business incentives (three action items)

5.4.1 Focus on use of non-tax business incentives (such as workforce training, infrastructure investments and financing assistance) in developing and growing industry clusters

Contact:  Anne Struthers

CY2012 Progress:

  • Continued utilization of non-tax business incentives.
  • Recapitalized Workforce Competitive Trust Fund.
  • No new or expanded tax based business incentive programs introduced in 2011 – 2012

5.4.2 Establish standards for effectiveness and accountability for existing tax-based business incentives and use them to periodically evaluate existing incentives

Contact:  Anne Struthers

CY2012 Progress:

5.4.3 Only consider new tax-based business incentives to develop and grow industry clusters where such incentives meet established standards for effectiveness and accountability

Contact:  Anne Struthers

CY2012 Progress:

  • No new or expanded tax based incentives created in 2011 – 2012.