Good Jobs First Subsidy News

U.S. states, cities to report money lost on corporate tax breaks

By Hilary Russ, August 14, 2015


For the first time, state and local U.S. governments will be required to report how much money they lose on corporate tax breaks for economic development projects, according to a new accounting rule issued on Friday.

New rule opens books on tax credits like those received by USAA, Bristol-Myers Squibb

By Margie Manning, August 17, 2015

The Governmental Accounting Standards Board has issued its first-ever rule requiring state and local governments to disclose information about tax abatement agreements.