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re: Some takeaways from Q&A with Eddie Rispone for Governor
Posted on 1/9/19 at 11:37 am to doubleb
Posted on 1/9/19 at 11:37 am to doubleb
quote:
Cost La, 14.5mill in 2017
It didn't "cost" 14.5 million. They never would have gotten any of that money without ITEP anyways, but they will get ALL of that 14.5 (and then some) once the exemptions sunset. In the mean time, I assure you, the state and local governments made far in excess of $14.5 million in increased sales and income taxes due to the economic activity generated by building the facilities which qualified for that exemption.
1
Posted on 1/9/19 at 11:41 am to kingbob
quote:
It didn't "cost" 14.5 million. They never would have gotten any of that money without ITEP anyways, but they will get ALL of that 14.5 (and then some) once the exemptions sunset. In the mean time, I assure you, the state and local governments made far in excess of $14.5 million in increased sales and income taxes due to the economic activity generated by building the facilities which qualified for that exemption.
Can you read? There is ITEP ((Industyial Tax Exemption Program) and there's the Industrial Tax Equalization Program.
Quit trying to be the class brain and read what I'm saying. You keep hijacking my opinion and saying something else.
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