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ATPI 2017: Tax Incentives for State, Local, and International Economic Development

ATPI 2017: Tax Incentives for State, Local, and International Economic Development

State and Local Tax Incentives in the United States: Overview and Assessment

Featuring Steven M. Sheffrin and Patrick Button

US states and localities spend $45 billion annually on tax incentives and other programs intended to spur economic development. Countries around the world similarly offer tax holidays, investment credits, and other preferential tax treatments in a bid to promote investment and create jobs. Do these policies work? At what cost? Are there better and worse ways to spur local economic growth and productivity gains? What might international practitioners learn from their state and local counterparts and vice versa?

The Murphy Institute

Established in memory of Charles H. Murphy, Sr. (1870-1954), and inspired by the vision of Charles H. Murphy, Jr. (1920-2002), the Murphy Institute exists to help Tulane faculty and students understand economic, moral, and political problems we all face and think about. More important, it exists to help us understand how these problems have come to be so closely interconnected.