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Money for nothing : industrial tax abatements and economic development / Gary Sands and Laura A. Reese.
Lippincott Library HJ2415 .S26 2012
Available
- Format:
- Book
- Author/Creator:
- Sands, Gary.
- Language:
- English
- Subjects (All):
- Tax remission--Michigan.
- Tax remission.
- Industrial promotion--Michigan.
- Industrial promotion.
- Economic development--Michigan.
- Economic development.
- Michigan.
- Physical Description:
- xv, 151 pages : illustrations, maps ; 24 cm
- Place of Publication:
- Lanham, Md. : Lexington Books, [2012]
- Summary:
- Utilizing a number of analytical techniques, Gary Sands and Laura A. Reese systematically evaluate the many different dimensions of industrial property tax abatements in the state of Michigan. Tax incentives are a mainstay of state and local economic development strategies and have been so for decades. Evaluations of their effectiveness provide mixed results and few recommendations have been translated into actual policy modifications. Since the mid-1970s, Michigan has allowed local governments to grant substantial property tax abatements for new investments in real and personal industrial property. The program has been extremely popular, with more than four hundred different municipalities granting a total of over seventeen thousand abatements. Despite its prominence, the program has been subject to only limited analysis at either the state or local level. Sands and Reese describe and explain the complete history of the tax abatement program in Michigan, a state that has allowed widespread use of local tax incentives. Their findings about the effectiveness, efficiency, and equity of local industrial tax abatements are applicable to local and state governments across the country. Book jacket.
- Contents:
- Acknowledgements
- Tables
- Figures
- Tax abatements and economic development
- Michigan's industrial facilities tax abatement program
- Tax abatements and economic restructuring
- Determinants of tax abatement policy
- Tax abatement outcomes : statewide assessment
- Abatements and metropolitan health : Detroit and grand rapids
- Best practices in implementing tax abatements
- Conclusions and recommendations
- Bibliography
- Index
- About the authors.
- Notes:
- Includes bibliographical references and index.
- ISBN:
- 9780739166628
- 073916662X
- OCLC:
- 749855658
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