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Message
re: Some takeaways from Q&A with Eddie Rispone for Governor
Posted on 1/9/19 at 11:41 am to kingbob
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.
1
Posted on 1/9/19 at 11:47 am to doubleb
quote:
There is ITEP ((Industyial Tax Exemption Program) and there's the Industrial Tax Equalization Program.
My apologies. Once again, we wouldn't need the Equalization Program if not for our insane inventory tax system. All the Equalization program does is make the combined state and local taxes here the same as they would be in the state the business was considering. I would like to take a deeper look at how these exemptions are gotten and how long they last for.
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