Last week Florida Governor Rick Scott signed into law legislation implementing a state sales tax holiday from August 3rd to the 5th even though these sales tax holidays are a real boondoggle for consumers (mostly PR for policymakers) and cost state treasuries needed revenues.
Will Missouri give tax credits to Ford for rehiring previously laid off employees? Read more about it in the Missouri Journal, which promises to follow up the story.
We’ve been closely following developments in the Kansas tax reform debate and here’s the latest update. Last week, the conference committee began meeting to try to reconcile the differences between the House and Senate bill. But compromise will have to wait until after spring break. The legislature adjourned and lawmakers won’t be meeting again until April 25. Read ITEP’s analysis of the Governor, House, and Senate plans.
Read here about an effort to end the Missouri – Kansas tax credit border wars (a.k.a. race to the bottom). Hoping to create jobs within their borders, both states have been “willing to pay for it with tax credits and other deal sweeteners” that businesses have exploited – without necessarily delivering on the jobs.
Photo of FL Governor Rick Scott via Gage Skidmore Creative Commons Attribution License 2.0