GASB State Tax Incentive Rule

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Beginning in 2017, those interested in incentives and tax abatement expenditures spending will likely have access to significantly more data than is currently available. The Governmental Accounting Standards Board (GASB), the independent organization which “establishes financial accounting and reporting standards for state and local governments,” is asking for public comments on a proposed change to current standards for property and tax abatement agreements.

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State Business Incentives Database Debuts New User Site

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The Council for Community and Economic Research has launched the newest iteration of the State Business Incentives Database website. New features make finding up-to-date information on state incentive programs even easier for economic developers, business development finance professionals, economic researchers, and other users.

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Incentives in the News: The Brookings Institute and Job Incentives

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A recently released report from the Brookings Institute highlights the most promising ways they believe cities, states, and regions can move forward in attracting businesses and creating jobs in a responsible and fair way. The study also confirms analysis done by C2ER of the State Business Incentives Database.

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C2ER Updates State Business Incentives Database

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C2ER has just finished its latest update of the State Business Incentives Database. This makes the State Business Incentives Database even more valuable to users who need the most up-to-date information on state programs.

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Examining Historic Tax Credits

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An old shoe factory in St. Paul is transformed into an LEED-certified affordable housing structure. Across the river in Minneapolis a disused library building becomes a neighborhood career and technology center. These are just two of the projects benefiting from the Minnesota Historic Structure Rehabilitation State Tax Credit.

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A look at film tax incentives

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States have been giving film incentives for over 20 years. Louisiana was a pioneer in this area, introducing a motion picture incentive in 1992, subsequently expanded in 2002.

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How economic development programs target industries

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While many state economic development programs aim to provide incentives to businesses from any industry, a large proportion of state programs target their incentives at specific industries.

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